EBITDA stands for earnings before interest, taxes, depreciation and amortization. The margin provides investors with a snapshot of a firm's short-term operational efficiency.
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The Federal Reserve is likely to raise its benchmark interest rate at “a more moderate pace” than the fast-and-furious rate hikes of the previous 15 months, Fed chair Jerome Powell told lawmakers.
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Lambda is the percentage change in an option contract's price to the percentage change in the price of the underlying security.
( 18
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Finding a financial advisor who caters to the specific financial needs of an LGBTQ+ person can make all the difference.
( 27
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Rates fell for almost all mortgage types, with the 30-year average sinking to its lowest level in five weeks. An exception was jumbo loans, whose various averages were flat.
( 19
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A hostile takeover is the acquisition of one company by another without approval from the target company's management.
( 27
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The central limit theorem (CLT) states that the distribution of sample means approximates a normal distribution as the sample size gets larger.
( 24
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The yield curve has been inverted since July 2022. In the past, a recession has followed. But will that be the case this time?
( 16
min )
U.S. equities were mixed at midday on Wednesday, June 21, 2023 as Fed Chair Powell told Congress interest rates need to go higher to fight inflation.
( 16
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M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones.
( 20
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Google Cloud launched an AI-powered product for banks to help detect money laundering more effectively.
( 16
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Forex market hours are the periods of time when traders and investors are able to conduct transactions in the foreign exchange market, which is open five days a week.
( 20
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Shares of RV maker Winnebago slid as sales missed estimates because of weak demand and price cuts.
( 16
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FedEx sales slipped as the pandemic boom in shipping demand slowed.
( 16
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Here are some guidelines you need to adhere to in order to avoid getting sued as an advisor and to avoid disruptions to your business life from a lawsuit.
( 26
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China on Wednesday unveiled a $72.3 billion tax break for buyers of electric vehicles (EVs)—its biggest yet for the EV market—in an effort to boost lagging auto sales and consumer spending.
( 17
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A Unified Payments Interface (UPI) is a smartphone application which allows users to transfer money between bank accounts.
( 20
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The London Stock Exchange (LSE) is the main stock exchange in the United Kingdom. The LSE provides access to electronic trading for thousands of stocks.
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Gilt-edged securities are high-grade investment bonds offered by governments and blue-chip companies as a means of borrowing money.
( 20
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Saïd Business School (SBS) is the business school at Oxford University, and offers graduate programs in finance, business, and management.
( 23
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The Big Bang refers to the day the stock market was deregulated in London on October 27, 1986.
( 19
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The Federal Trade Commission is suing Amazon for attempting to enroll consumers in Amazon Prime without their consent and complicating effo
( 21
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It’s not a misprint. Chip stocks are trading lower once again on Wednesday.
The PHLX Semiconductor Index was down 2% in morning trading, continuing a recent selloff for the stock market’s most popular trade.
Many of the S&P 500’s biggest laggards were chipmakers. Advanced Micro Devices fell mor
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Mizuho analyst Jordan Klein on Wednesday said it's likely Intel will walk through the timing of foundry expansion plans globally.
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↘️ FedEx (FDX): The delivery giant posted a drop in revenue for the third straight quarter due to weaker demand. Its stock fell around 1.7%.
↗️ [*
( 20
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Conglomerates are executing projects with a scale and speed that have eluded India in the past.
( 25
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Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you, … Continue reading → The post When Do People Retire on Average appeared first on SmartAsset Blog.
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The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United States fell by more than 10 percentage points over … Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog.
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Barclays analyst Dan Levy downgrades Tesla stock to Hold from Buy while hiking his price target to $260 a share from $220.
( 22
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Shipping giant FedEx issues guidance that disappoints, and Tesla CEO Elon Musk says the electric-vehicle maker will be expanding into India 'as soon as humanly possible.'
( 22
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Analysts say a dividend cut and a heavier debt load loom for the Scotch tape maker amid potential settlement payments costing billions.
( 30
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Zwart stof en de geur van rottende eieren, maar ook economische voorspoed: Tata Steel verdeelt de regio IJmond al jaren. Hoe is het om in de buurt te wonen van dit vervuilende, maar voor de regio erg belangrijke complex?
( 4
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Het voornemen om kinderopvang in 2027 bijna gratis te maken heeft veel kritiek ontvangen. Planbureaus SCP en CPB vinden dat het plan maar weinig effect heeft op arbeidsdeelname van vrouwen. Maar in Zweden werkt een systeem van bijna gratis opvang wel. Wat kunnen we daarvan leren?
( 7
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Nederland loopt achter op België en Duitsland als het gaat om het verkleinen van de kloof tussen mannen en vrouwen. Vooral de economische en politieke kansen zijn in ons land niet gelijk verdeeld.
( 3
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De AFM waarschuwt voor grote teleurstellingen bij mensen die denken dat ze een goed pensioen opbouwen, maar dat in werkelijkheid niet doen. Bij een miljoen mensen die pensioen opbouwen via verzekeraars of premiepensioeninstellingen, wordt volgens de financiële waakhond te weinig geld opzijgezet.
( 4
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De Amsterdamse bierbrouwer Oedipus komt in handen van Heineken. De nieuwe eigenaar had al een minderheidsbelang en heeft sinds deze maand 100 procent van de aandelen in handen. Dat bevestigt een woordvoerder na berichtgeving van Het Parool.
( 3
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Bijna 600.000 woningbezitters hebben dit jaar bezwaar gemaakt tegen de WOZ-waarde die gemeente had vastgesteld. Dat zijn er bijna drie keer zoveel als vorig jaar. Als de huiseigenaren zo de woningwaarde omlaag krijgen, zijn ze ook minder kwijt aan lokale belastingen.
( 3
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De AFM waarschuwt voor grote teleurstellingen bij mensen die denken dat ze een goed pensioen opbouwen, maar dat in werkelijkheid niet doen. Bij een miljoen mensen die pensioen opbouwen via verzekeraars of premiepensioeninstellingen, wordt volgens de financiële waakhond te weinig geld opzijgezet.
( 4
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De ongeveer 300.000 werknemers in de supermarkten kunnen vanaf september rekenen op een loonsverhoging van 10 procent. Het Vakcentrum en vakbond CNV Vakmensen zijn het eens geworden over een nieuwe cao. De FNV doet niet mee en staat dus buitenspel.
( 3
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Supermarktpersoneel krijgt deze zomer mogelijk een loonsverhoging van gemiddeld 10 procent. Maar het is de vraag of dat doorgaat, omdat de leden van vakbond FNV het voorstel van de supermarkten in een stemming hebben afgewezen. Opvallend genoeg is vakbond CNV wél akkoord gegaan.
( 3
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De Duitse economie krimpt dit jaar waarschijnlijk meer dan eerder gedacht. Vooral de hoge inflatie en energieprijzen zitten de oosterburen in de weg.
( 3
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Het Duitse bedrijf J. Weck, dat de bekende inmaakpotten op de markt brengt, heeft faillissement aangevraagd. De potten zorgen ervoor dat bijvoorbeeld groenten en fruit lang goed blijven en werden zo populair dat wecken in het woordenboek is opgenomen. Nu komt na 123 jaar waarschijnlijk een einde aan het bedrijf.
( 3
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Het Duitse bedrijf J. Weck, dat de bekende inmaakpotten op de markt brengt, heeft faillissement aangevraagd. De potten zorgen ervoor dat bijvoorbeeld groenten en fruit lang goed blijven en werden zo populair dat wecken in het woordenboek is opgenomen. Nu komt na 123 jaar waarschijnlijk een einde aan het bedrijf.
( 3
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Tinder gaat zijn gebruikers samen met het Centrum Seksueel Geweld voorlichting geven over seksueel geweld. De campagne zet in op het voorkomen van nare seksuele ervaringen en op hulp erna.
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Tinder gaat zijn gebruikers samen met het Centrum Seksueel Geweld voorlichting geven over seksueel geweld. De campagne zet in op het voorkomen van nare seksuele ervaringen en op hulp erna.
( 4
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Het leven in het Verenigd Koninkrijk is in mei 8,7 procent duurder geworden ten opzichte van dezelfde maand vorig jaar. Dat is fors meer dan de 2 procent inflatie die de Britse centrale bank voor ogen heeft.
( 3
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In de Europese Unie zijn vorige maand bijna een miljoen auto's meer verkocht dan in mei vorig jaar.
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Bedrijven in ons land hebben in april 2,4 procent minder geïnvesteerd ten opzichte van dezelfde maand een jaar eerder. Ze staken vooral minder geld in woningen.
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Vanaf 1 juli mogen horeca, tankstations, supermarkten en speciaalzaken geen eten en drinken in (deels) plastic verpakkingen meer verkopen, zonder daar een toeslag voor te rekenen. Ze kunnen een alternatief aanbieden in de vorm van herbruikbare verpakkingen, die zij aanbieden of jij zelf meeneemt om te laten vullen. Daar lijkt in de praktijk weinig van terecht te komen, blijkt uit een rondgang van NU.nl.
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For the coming fiscal year, the logistics company expects to earn between $16.50 and $18.50 a share. Wall Street was looking for about $18.30 a share.
( 22
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The delivery company plans to merge Express, Ground networks in Canada.
( 27
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Wall Street investment banks and economists have been warning of an impending economic downturn for almost two years, but the economy has managed to remain resilient despite factors like stubborn inflation and the Federal Reserve’s aggressive interest rate hikes. See Next: New Battery Beats Tesla’s Lithium-Ion By A Mile With 50% Cheaper Price Tag, 99% Recyclable and Three Times Longer Lifespan Now, with the rapid advancement of artificial intelligence (AI) technology, particularly after the rele
( 9
min )
The director of marine operations at OceanGate, the company whose submersible went missing Sunday on an expedition to the Titanic in the North Atlantic, was fired after raising concerns about its first-of-a-kind carbon fiber hull and other systems before its maiden voyage, according to a filing in a 2018 lawsuit first reported by Insider and New Republic. David Lochridge was terminated in January 2018 after presenting a scathing quality control report on the vessel to OceanGate’s senior management, including founder and CEO Stockton Rush, who is reportedly on board the missing vessel.
( 9
min )
Georgia auto shop owner Miles Walker has to pay Andreas Flaten and 8 coworkers nearly $39,934 in a judgment after originally paying in dirty pennies.
( 7
min )
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EDX Markets, a cryptocurrency platform backed by Charles Schwab, Fidelity and Ken Griffin's Citadel Securities, launched trading for bitcoin, ether, litecoin, and bitcoin cash.
( 18
min )
Bernstein analyst Stacy Rasgon says Nvidia and Broadcom are the ideal chip stocks to benefit from the rising demand for artificial-intelligence semiconductors.
( 22
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Companies can allocate their funds in various ways to create shareholder value. But in the eyes of legendary investor Warren Buffett, one method stands out above all others. “If you do it at the right price, there’s nothing better than buying in your own business,” the Berkshire Hathaway CEO said during his company’s annual shareholders meeting in 2022. Buffett was referring to stock buybacks. Basically, a company can repurchase its own shares from the open market, effectively reducing the numbe
( 9
min )
Airbus disclosed what one analyst described as a "monster order," but shares of the company barely moved.
( 22
min )
AT&T says second-quarter free cash flow is expected at between $3.5 billion and $4 billion.
( 25
min )
(Bloomberg) -- The government of Abu Dhabi is taking a 7% stake in Nio Inc. and will gain a board seat, giving the electric carmaker a capital infusion as it contends with losses and uncertain demand in China’s competitive EV market.Most Read from BloombergAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpThese Are World’s Most Expensive Cities for High-Class LivingTucker Carlson's Fox Defense Crumbled When He Took MillionsSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicOxygen W
( 7
min )
Mary Meeker and Andreessen Horowitz were also involved in the $250 million funding round.
( 7
min )
(Bloomberg) -- Oil switched between narrow gains and losses in London, fluctuating with wider markets after China began a gradual roll-out of measures to aid its economy. Most Read from BloombergAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpTucker Carlson's Fox Defense Crumbled When He Took MillionsThese Are World’s Most Expensive Cities for High-Class LivingSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesBrent
( 7
min )
The electric-vehicle maker held a one-day sale on Saturday, indicating that auto investors are going to have to start tracking inventories of unsold cars and trucks.
( 22
min )
Nio Inc said on Tuesday that CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in the Chinese electric vehicle maker. The news sent Nio's U.S.-listed shares down about 3% at $9.12. Nio and peers Xpeng and Li Auto are among the companies competing to grab a larger EV market share in the world's largest automotive market dominated by BYD.
( 6
min )
What to do when the conventional wisdom and the market sentiment are tugging in different directions? It’s happening now, with markets registering strong year-to-date gains even though elevated inflation and high interest rates are threatening a credit crunch and starting to crimp consumer spending. B. Riley’s chief investment strategist, Paul Dietrich has been watching the markets closely, noting, “The jump in the S&P 500’s big tech stocks is hiding concerns among investors that the U.S. is abo
( 10
min )
Philip Morris International stock is down about 6% through Friday's close this year, compared with the S&P 500's 15% rise.
( 22
min )
If you find yourself with $1.5 million in retirement savings, you're doing more than five times better than the average retiree, who only has $279,997. It is true that $1.5 million can last indefinitely in retirement if you don't spend … Continue reading → The post How Long Will $1,500,000 Last in Retirement? appeared first on SmartAsset Blog.
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Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.
( 10
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How Social Security income is taxed depends on how much income you have from other sources. Here are the 2022 IRS limits for individual and joint filers.
( 11
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 20
min )
Joseph Tsai will replace Zhang as chairman and Eddie Yongming Wu will become the chief executive.
( 22
min )
KKR-managed funds and accounts will will purchase up to €40 billion of PayPal's buy now, pay later loan receivables originated in Europe.
( 25
min )
The logistics company is expected to offer financial forecasts for its 2024 fiscal year.
( 25
min )
(Bloomberg) -- More Americans are entering into auto loans that exceed the worth of their cars after vehicle values declined in the wake of dramatic increases during the pandemic, a report has found.Most Read from BloombergAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpTucker Carlson's Fox Defense Crumbled When He Took MillionsThese Are World’s Most Expensive Cities for High-Class LivingSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicXi Tells Blinken ‘Very Good’ That Progress
( 6
min )
Lilly says its acquisition of Dice for $48 a share would allow it to leverage the company's developing treatments for chronic diseases in immunology.
( 22
min )
Wall Street’s focus has moved from Tesla’s price cuts to a more distant future of driverless vehicles. It may shift again.
( 28
min )
Investment firm KKR will purchase up to 40 billion euros ($43.71 billion) of buy now, pay later (BNPL) loans originated by PayPal Holdings in Europe, the payments company said on Tuesday. Under the terms of the agreement, private credit funds and accounts managed by KKR will acquire substantially all of PayPal's European BNPL loan portfolio. After the deal closes, PayPal said it expects to allocate roughly $1 billion to incremental share repurchases in 2023, contributing to an updated outlook of nearly $5 billion in total share repurchases so far this year.
( 6
min )
Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tuesday. "This investment reflects our commitment as Ukraine's long-term economic partner," Maksym Barabash, Chief Executive Officer of Philip Morris Ukraine, said in a statement. Ukraine is in dire need of foreign capital to rebuild and revamp its economy, hit hard by Russia’s invasion.
( 7
min )
The exchange backed by Citadel Securities, Fidelity Investments and Charles Schwab seeks business from those interested in digital assets but wary of troubles at FTX and Binance.
( 30
min )
↘️ Alibaba (BABA): The Chinese e-commerce giant is replacing Chairman and Chief Executive Daniel Zhang with two successors, as it p
( 20
min )
The central bank’s reverse repo fell below $2 trillion for the first time in more than a year.
( 29
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"The market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand," one analyst said.
( 6
min )
(Bloomberg) -- Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share and struggling to revive growth in the post-Covid era.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapSearch Underway for Titanic-Wreck Submersible With Five CrewMass Immigration E
( 8
min )
Alibaba says Daniel Zhang will be stepping down as chairman and chief executive, Philip Morris shares are upgraded, and FedEx is scheduled to report earnings after the closing bell Tuesday.
( 22
min )
The world's second-largest economy is trying to jolt post-Covid growth, which has been sluggish since Beijing lifted pandemic restrictions.
( 22
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Daniel Zhang Yong, the 51-year-old Chinese business executive, has announced his resignation as Alibaba Group Holding chairman and chief executive to focus on Alibaba Cloud, the digital technology and intelligence backbone of the group. Zhang will be succeeded as chairman by Joseph C. Tsai, who is currently executive vice-chairman, and Eddie Wu Yongming, chairman of Taobao & Tmall Group, will become CEO. Zhang will continue on at the company as chairman and CEO of Alibaba Cloud Intelligence Grou
( 9
min )
Joseph Tsai will replace Zhang as chairman and Eddie Yongming Wu will become the chief executive.
( 22
min )
Carlos Ghosn filed $1 billion suit in Lebanon against Nissan, a judicial source told Reuters on Tuesday, adding that the court session will take place in Sept. Ghosn, once a leading light of the global car industry, was arrested in Japan in late 2018 and charged with financial misconduct. He denied the charge and said his detention was part of a plot by Nissan executives to block a merger.
( 6
min )
The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over from Zhang as chairman. If anything, it emphasises the increasing importance of AI in the company's focus, while also underscoring that e-commerce is the core business unit.
( 8
min )
(Bloomberg) -- One of Wall Street’s most bearish strategists isn’t giving in to the bullish about-turn in equities, saying investors may be in for “a rude awakening.”Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMorgan St
( 8
min )
We’re winding up the first half of 2023, and what could be more natural than to figure out the best stocks for the rest of the year? Stock picking of this sort is an essential skill for every investor, and fortunately, the Street’s analysts make it easy. They are always ready to point out which stocks are their ‘Top Picks,’ and we can follow those recommendations. In this case, we’re looking at three stocks that have ‘top pick’ designation from the analysts, and also feature an attractive combin
( 11
min )
(Bloomberg) -- UBS Group AG faces hundreds of millions of dollars in penalties following investigations by several regulators into Credit Suisse’s dealings with Archegos Capital, the Financial Times reported. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapSearch Underway for Titanic-Wreck Submersible With Five CrewMass Immigration Expe
( 7
min )
German stocks led the decline among European peers on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its forecast, while a modest interest rate cut by China failed to lift investor sentiment. Germany's DAX index fell 0.5% by 0709 GMT, retreating farther from a record high it hit on Friday. The continent-wide STOXX 600 index fell 0.4%.
( 6
min )
Asian shares mostly declined Tuesday as some investors took a wait-and-see attitude after U.S. markets were closed for a national holiday. Brent crude, the international standard, declined 26 cents to $75.83 a barrel.
( 7
min )
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: Downgrades at Palantir Technologies, Performance Food, and Gates Industrial, and initiation at Lemonade. Palantir Technologies (NYSE:PLTR) shares were recently off nearly 2% pre-market today after Raymond James downgraded the company to Outperform from Strong Buy with a price target of $18.00 (from $15.00). The analyst cited the stock's "premium" valuation after a strong run since its first-quarter print, but said they remain "enthusiastic about Palantir's positioning in AI."
( 7
min )
China’s Alibaba Group has announced a major management reshuffle aimed at spurring the e-commerce giant's growth at a time when the Chinese economy is slowing despite an end to COVID-19 pandemic restrictions a half-year ago. Eddie Wu, chairman of its e-commerce group, will succeed Daniel Zhang as CEO, the company said in a statement Tuesday. Zhang will be CEO and chairman of Alibaba’s cloud computing unit, which has been approved to be spun off and is expected to be listed for trading within a year.
( 7
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Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO.
( 27
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Bill Gates and other tech-industry investors are backing AI-powered startup KoBold Metals.
( 28
min )
European antitrust regulators are preparing to launch a formal investigation into software giant Adobe's $20 billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday. EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may ultimately derail the deal altogether, FT said, citing people with knowledge of the move. EU regulators have earlier said that Adobe would need to secure European Union antitrust approval for the Figma deal even though the deal falls short of the EU turnover threshold for a review.
( 7
min )
(Bloomberg) -- Alibaba Group Holding Ltd. announced a new chairman and chief executive, unveiling a surprise plan to replace Daniel Zhang at the helm of a company that’s been bleeding market share and struggling to revive growth in the post-Covid era.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canad
( 7
min )
Investors have been ramping up bets against stocks—and they are getting burned.
( 27
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(Bloomberg) -- Stark Corp. Pcl, a Thai maker of electrical components engulfed in an accounting scandal, has cited Russia’s war in Ukraine as a reason for pulling out of an agreement to buy a German maker of automotive cable solutions for €560 million.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpSingapore’s Grab Plans Biggest Job-Cut Round Since PandemicXi Tells Blinken ‘Very Good’ That Progress Made on
( 8
min )
(Bloomberg) -- Asian stocks are poised for a mixed open on Tuesday as the rally in global equities shows signs of wavering and investors fret over China’s tepid post-pandemic recovery.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndiGo Bets Big on Indian Travel
( 8
min )
(Bloomberg) -- Mankind Pharma Ltd. has garnered the most analyst coverage of any new Indian stock in at least 12 years, as investors rush to buy the drug and condom maker following its May initial public offering.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race for LaborIndi
( 7
min )
China cut two key benchmark lending rates for the first time in 10 months on Tuesday, as authorities seek to shore up a slowing recovery in the world's second-largest economy. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.55%, while the five-year LPR was cut by the same margin to 4.20% from 4.30%. A Reuters poll of 32 market participants showed all respondents expected reductions to both rates.
( 5
min )
When I say “many,” I’m backed up by a 2023 survey from Savings.com that found 45% of parents with a child 18 or older spend an average of over $1,400 per month supporting their kids financially, excluding adult kids with disabilities. A certified financial planner and a therapist who both have experience in this department share their thoughts. There are many reasons a parent may choose to support their adult kids.
( 10
min )
(Bloomberg) -- Treasuries dropped in Asia as they reopened following a US long weekend, extending a global slide that kicked off in the UK where investors grew concerned stubborn inflation will lead to more aggressive monetary tightening. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in
( 6
min )
Oil prices were mixed on Tuesday ahead of a decision on lending benchmarks by China, with the world's second-largest economy widely expected to cut key rates to shore up a slowing recovery. Brent crude was 3 cents higher at $76.12 a barrel at 0041 GMT. U.S. West Texas Intermediate (WTI) crude was unchanged at $71.29 and there was no settlement on Monday due to a public holiday in the United States.
( 7
min )
The withdrawal of Adam Gabor comes after a letter last week regarding his newest in-house attorney, Allison Huebert.
( 6
min )
(Bloomberg) -- Woodside Energy Group Ltd. gave the go-ahead for a $7.2 billion oil field off Mexico, the Australian producer’s first major fossil fuel investment since acquiring BHP Group Ltd.’s petroleum business last year. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsXi Tells Blinken ‘Very Good’ That Progress Made on US-China TiesGlobal Stocks Slip on Worry Rally Looks Exhausted: Markets WrapMass Immigration Experiment Gives Canada an Edge in Global Race f
( 7
min )
Home equity conversion mortgages are the most common reverse mortgages, but proprietary and single-purpose reverse mortgages offer other benefits.
( 21
min )
Learn about how to identify examples of unsystematic risk, and discover how many can be traced to entrepreneurial error or political and legal action.
( 21
min )
Cross culture in business refers to a company's efforts to ensure that its employees interact effectively with professionals from other backgrounds and countries.
( 20
min )
Discover what drives economic growth and a few of the methods used by leaders and economists to increase economic activity in an economy.
( 23
min )
Islamic banking refers to a banking system that is based on the principles of Islamic law (Sharia law) and guided by Islamic economics.
( 24
min )
Energy stocks, Boeing, Intel, Nike drag down markets on Tuesday, June 20, 2023 to begin shortened trading week.
( 16
min )
The Enterprise Investment Scheme (EIS) is a UK program that helps smaller, riskier companies to raise capital by giving their external shareholders federal tax relief.
( 22
min )
A self-invested personal pension is a retirement savings account available in Great Britain that offers participants asset allocation flexibility.
( 21
min )
PayPal shares rose after entering a deal with KKR for PayPal's "Buy Now, Pay Later" European loans.
( 16
min )
The money market refers to trading in very short-term debt investments. These investments are characterized by a high degree of safety and relatively low rates of return.
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President Joe Biden is meeting with several artificial intelligence researchers in San Francisco today, amid growing talk of if and how the rapidly developing technology should be regulated.
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The Retail Price Index (RPI) is one of two measures of consumer inflation produced by the United Kingdom's Office for National Statistics.
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Rivian shares rose after it joined other EV makers in adopting Tesla's charging station standard.
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
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Money orders and cashier’s checks can be a convenient way to pay someone or to receive money, but each comes with its own advantages and disadvantages
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Learn about the top 10 economic indicators for the United Kingdom, the world’s 6th-largest economy.
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With an initial investment of $16,732, the top-paying high-yield savings account could net you approximately $72 in interest each month after just one year.
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If builders kept up the pace they set in May, they would begin work on 1.63 million single and mutli-family housing units in one year, up significantly from April's pace.
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The investment advisor field is divided into two types: fee-based and commission-based. The better one for your needs depends on the nature and the size of your portfolio, along with your investment strategy and goals.
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Average daily trading volume (ADTV) is the average number of shares that change hands for a stock. This average is useful for determining which stocks are suitable for certain investors.
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EDX Markets, a cryptocurrency platform backed by Charles Schwab, Fidelity and Ken Griffin's Citadel Securities, launched trading for bitcoin, ether, litecoin, and bitcoin cash.
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Hyundai plans to spend $28 billion over the next decade to speed up its electrification efforts and is considering adopting Tesla’s charging network.
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Trading volume and open interest are key numbers to watch when buying and selling options. Together they can indicate liquidity, trader interest, and price strength.
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Personal loan rates increased slightly this week to 21.38%, a rise of 3 basis points since last week when the average personal loan rate sat at 21.35%.
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Despite plentiful lease availability, rising vacancies and plunging office property values, construction on new offices hasn't stopped—and more lies ahead
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National Insurance Contributions are taxes paid by employees and employers in the United Kingdom to fund a wide range of government benefits programs.
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Determining creditworthiness of smaller and medium-sized corporations isn't as easy as for larger companies, but these tips can help.
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More than a quarter of employees worldwide planned to switch jobs in the next year, up from 19% in 2022, according to a PwC survey of 54,000 workers in 46 countries.
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Alibaba's CEO and Chairman stepped down in a surprise move to lead its cloud business as the company doubles down on global expansion. But Alibaba shares fell 4%.
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Markets opened the shortened trading week on Tuesday, June 20, 2023 with losses as oil stocks sank along with the price of crude.
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Eli Lilly agreed to buy DICE Therapeutics for $2.4 billion. The deal values DICE shares at an almost 40% premium from Friday's close.
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Rates on 30-year fixed-rate mortgages held steady, with little movement among most other averages. Jumbo 30-year rates were an exception, rising an eighth of a point.
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Intel nearly doubles spending for two factories in Germany to $33 billion.
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The International Monetary Fund is working on a platform for central bank digital currencies that could help support efficiency, transparency, and interoperability of settlements.
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XAR offers the lowest fees, PPA has the best return, and ITA is the most liquid.
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min )
The Express streamed back into the Rockies for the 40th anniversary of the Food & Wine Classic to talk about the business of being a chef with Anna Castro and Calvin Eng, two of the best new chefs in America.
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The labor market refers to the supply of and demand for labor, for which employees provide supply and employers provide demand. Labor is a major part of the economy.
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Durham University Business School is the business school of Durham University offering graduate and post-graduate degrees.
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A building society is a type of financial institution that provides banking and other financial services to its members.
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The Manchester Business School (MBS) is the business school at the University of Manchester in Manchester, England.
( 20
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A personal equity plan (PEP) was a scheme that gave U.K. residents the opportunity to invest in the stock market without paying tax.
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Cash concentration and disbursement (CCD) is a type of electronic transfer, often used to transfer funds among remote locations and so-called concentration (i.e. collection) accounts.
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De gemiddelde loonstijging zal in de tweede helft van dit jaar afzwakken. Werkgevers zullen vanwege de economische onzekerheid minder uitbundig zijn aan de cao-tafels.
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De gemiddelde loonstijging zal in de tweede helft van dit jaar afzwakken. Werkgevers zullen vanwege de economische onzekerheid minder uitbundig zijn aan de cao-tafels.
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min )
Bij een deel van de oppositie is wrevel ontstaan over het voornemen om de belasting op gas te veranderen. Het kabinet wekt de suggestie dat er een verlaagd tarief komt, maar in de praktijk is daar geen sprake van. De kans is groot dat de belasting op gas voor de meeste huishoudens zelfs omhooggaat.
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De supermarkten houden hun kaarten nog tegen de borst over wat ons als klanten te wachten staat als op 1 juli nieuwe regels voor plastic verpakkingen ingaan. Ze hadden gehoopt daarin gezamenlijk op te trekken, maar daar heeft toezichthouder ACM een stokje voor gestoken.
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Frances Haugen werd in 2021 in één klap bekend als klokkenluider, nadat ze duizenden interne documenten over haar werknemer Facebook openbaar had gemaakt. Daaruit bleek hoe het beleid van Facebook tekortschoot, onder meer rondom desinformatie en beïnvloeding. Kunstmatige intelligentie kan nog meer problemen opleveren, zegt ze in gesprek met NU.nl op het Mozilla Festival in Amsterdam.
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De twee cokesgasfabrieken van Tata Steel in de IJmond komen per direct onder verscherpt toezicht te staan. De Omgevingsdienst Noordzeekanaalgebied ziet dat de problemen bij de vervuilende installaties zich opstapelen en heeft ook een dwangsom opgelegd.
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De twee cokesgasfabrieken van Tata Steel in de IJmond komen per direct onder verscherpt toezicht te staan. Dat laat de Omgevingsdienst Noordzeekanaalgebied (OD NZKG) weten. Die ziet dat de problemen bij de vervuilende installaties zich opstapelen. De dienst heeft ook een dwangsom opgelegd.
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De gemiddelde loonstijging zal in de tweede helft van dit jaar afzwakken. Werkgevers zullen vanwege de economische onzekerheid minder uitbundig zijn aan de cao-tafels.
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Omwonenden van Tata Steel willen dat het bedrijf zijn uitstoot van zwaveldioxide verder terugdringt om de luchtkwaliteit in de IJmond te verbeteren. De provincie Noord-Holland heeft de uitstootnormen onder druk van het staalbedrijf versoepeld, claimden zij dinsdag voor de bestuursrechter in Haarlem.
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Het minimumloon in Turkije gaat met terugwerkende kracht tot 1 juni met 34 procent omhoog naar 11.402 lira (441,84 euro). Het is niet de eerste keer dat de Turkse regering dat doet. Eerder dit jaar werd het minimumloon al verhoogd met 55 procent.
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Omwonenden van Tata Steel willen dat het bedrijf zijn uitstoot van zwaveldioxide verder terugdringt om de luchtkwaliteit in de IJmond te verbeteren. De provincie Noord-Holland heeft de uitstootnormen onder druk van het staalbedrijf versoepeld, claimden zij dinsdag voor de bestuursrechter in Haarlem.
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In 2022 maakten 57.113 woningkopers bij het afsluiten van hun hypotheek gebruik van de Nationale Hypotheek Garantie (NHG), een kwart minder dan een jaar eerder. Met die NHG kun je in aanmerking komen voor kwijtschelding van de restschuld als je je woning gedwongen moet verkopen door scheiding of baanverlies.
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min )
Carlos Ghosn, oud-topman van Nissan, Renault en Mitsubishi, eist bijna vier jaar na zijn spectaculaire ontsnapping uit Japan een grote schadevergoeding van de automaker. Hij werd in 2018 verdacht van fraude bij Nissan en vluchtte uit vrees voor een oneerlijk proces naar Libanon.
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Netbeheerder TenneT zegt dat er voor 2030 batterijsystemen nodig zijn met een gezamenlijk vermogen van 9 gigawatt. Een gigawatt staat gelijk aan het vermogen van de kolencentrale op de Maasvlakte.
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De rechten van consumenten op het gebied van veiligheid en privacy moeten centraal staan bij de ontwikkeling en het gebruik van kunstmatige intelligentie (AI). Consumentenorganisaties roepen toezichthouders daarom op om met regels en toezicht te komen.
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Winkeliers in de sport-, mode- en schoenenbranche voelen de druk groeien door de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien ze de extra kosten niet volledig kunnen doorberekenen aan de klant.
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Burgercollectieven en inwoners van de regio rond de Tata Steel-fabrieken in IJmuiden staan vandaag bij de bestuursrechter in Haarlem om strengere regels af te dwingen voor de staalmaker. Ze willen dat de uitstoot van het schadelijke gas zwaveldioxide meer wordt beperkt.
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Nederland telt ruim 10.000 beveiligingsbedrijfjes. In 2018 waren dit er nog maar 3.800. Er komen vooral veel zzp'ers bij in de beveiligingsbranche.
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Winkeliers in de sport-, mode- en schoenenbranche voelen de druk groeien door de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien ze de extra kosten niet volledig kunnen doorberekenen aan de klant.
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Winkeliers in de sport-, mode- en schoenenbranche voelen zich steeds meer onder druk staan vanwege de hoge kosten. Ondernemers verwachten dat de komende zes maanden nog zwaarder worden, aangezien zij de stijgende prijzen niet volledig kunnen doorberekenen aan de consument.
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min )
With decades-long success on Wall Street, and personal wealth valued at ~$6.5 billion, legendary stock picker Ken Fisher obviously knows a thing or two about investing and what segments currently represent the best opportunities. The Fisher Investments founder recently shared his insightful recommendation for savvy investors, suggesting that investing in luxury goods stocks could be a smart and profitable move. Fisher believes that luxury goods companies have a unique ability to thrive even duri
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The SEC’s crackdown against altcoins is boosting Bitcoin’s share of the crypto market.
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min )
OPEC has had little luck pushing up crude prices
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Intel has unveiled a multibillion-euro spending spree in Germany as part of nearly £50bn in microchip investments across Europe and Israel announced just days apart.
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min )
Berkshire now holds an estimated $20 billion of the five companies after sharp gains in their share prices.
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So-called priest asked employees to confess about being late, if they had stolen or had "bad intentions" toward their employer.
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Intel and the German government on Monday signed a deal that would see the U.S. company investing more than 30 billion euros ($32.8 billion) in a chip manufacturing site in the German city of Magdeburg, with financial support from Berlin. Word of the agreement came as German Chancellor Olaf Scholz met Intel CEO Pat Gelsinger in the German capital.
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It has owned the spirits brand in full since 2004.
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The brewer is at the Cannes Lions to collect its second annual marketer-of-the-year honor, calling recent controversy around a Bud Light promotion a “wake-up call” for the industry.
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According to the report, when SVB failed in March, the FDIC stepped in to protect all of the California bank's U.S. deposits and arranged a sale of the lender's U.S. customer accounts, branches and loans to First Citizens Bancshares. Left out of that deal was SVB's branch in the Cayman Islands, which had deposits from the bank's clients in China, Singapore and other parts of Asia, including venture-capital and private-equity firms with funds that domiciled in the British overseas territory, the report said.
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Rolling over a 401(k) is something you might consider if you're planning to retire or just changing jobs and don't want to leave your savings behind. When deciding where to move retirement assets, a certificate of deposit is one you … Continue reading → The post Can You Transfer a 401(k) to a CD Without Penalty? appeared first on SmartAsset Blog.
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If you're a small business owner, you've probably already suffered through a few tax seasons. While taxes for individuals can be complex, filing business taxes is arguably even more challenging. Hiring a CPA, a certified public accountant, can help, but … Continue reading → The post How Much Does a CPA Cost for a Small Business? appeared first on SmartAsset Blog.
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For 79 years, if you wanted the right to invest in early-stage companies like Apple in the 1970s, Facebook in 2004, or Airbnb in 2009, you had to be an “accredited investor.” The concept came from a 1933 law that created the U.S. Securities & Exchange Commission (SEC) to guard against some of the excesses on Wall Street that had led to the 1929 crash and the ensuing Great Depression. Don’t Miss: Why Silicon Valley Elites Are Betting On This Startup's Vision For Reuniting American Families The Se
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The euro has pulled back slightly during the trading session on Monday, as gravity is starting to jump into this market.
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Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While 28% of … Continue reading → The post Attention High Earners: You're Not Taking Retirement Seriously Enough appeared first on SmartAsset Blog.
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Destiny Tech100 disclosed a $454,700 paper gain on its $14 million investment in Elon Musk’s SpaceX, which is currently privately held.
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Nike and others are selling through traditional retailers they once shunned.
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Customers of Silicon Valley Bank’s Cayman Islands branch who counted on using their deposits to repay credit lines are in a bind after the FDIC seized the funds.
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The Bank of England is racing to prevent future bond market crunches hitting mortgages and business lending, as interest rate rises put the economy under increasing strain.
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The US is unprepared in the battle to compete with China on electric cars, the boss of Ford has warned.
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min )
Warren Buffett has been open about the fact he's not "done" with Japan—and his latest move proves it.
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min )
Across affluent countries, central bankers are sharply lifting inflation forecasts and warning investors that interest rates will stay high for some time.
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Federal Reserve Chairman Jerome Powell is due to testify before both the House and Senate this week, it could prove to be a catalyst for cryptocurrencies.
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Fisker, the electric carmaker founded by the Danish auto designer Henrik Fisker, is gearing up to enter the Chinese market where competition is increasingly cut-throat, following in the footsteps of another brave American player Lucid. Fisker plans to open a delivery center in China this year and commence deliveries of the Fisker Ocean SUV, its first all-electric model, in Q1 2024, according to a recent company announcement. It also aims to start manufacturing in China as early as next year with the potential to add 75,000 Ocean SUVs to its production capacity.
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Most S&P 500 companies said their median worker was paid more in 2022, and about 100 of them said the pay rose at least 10%.
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Bitcoin and Ether rose during Monday afternoon trading hours in Hong Kong, while most of the top 10 non-stablecoin cryptocurrencies by market capitalization declined. Risk appetite remained low after the U.S. Securities and Exchange Commission (SEC) sued Binance and Coinbase two weeks ago.
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Savers are shocked that some banks and credit unions changed the rules when it comes to cashing savings bonds. The reason? An uptick in phony bonds.
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After a week dominated by central banks, this week will see them remain in focus as Federal Reserve Chairman Jerome Powell delivers two days of Congressional testimony and the Bank of England makes its latest rate decision.
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The German government scheduled the signing of an agreement with Intel for 1245 GMT on Monday, capping off talks over a new chip-making complex on German soil. Berlin has not confirmed how much state funding the company is set to receive for the project in the central German city of Magdeburg. The Handelsblatt business daily reported last week thatthe U.S. company is expected to receive 9.9 billion euros($10.84 billion) in subsidies, up from a previously promised sumof 6.8 billion euros.
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(Bloomberg) -- Homesellers in London cut prices more than any UK region in June as surging borrowing costs stretched affordability in the country’s most expensive property market, a survey found. Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAsking prices
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Japan's financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according to multiple sources with direct knowledge of the matter. The Financial Services Agency's (FSA) request, which has not been previously reported, is to ensure Japan's megabanks are thinking about the risks and are prepared to respond if the geopolitical situation worsens, including over the issue of Taiwan's political status, said three of the sources. Japanese megabanks Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG) and Mizuho Financial Group have a combined $6.5 trillion in assets, according to Refinitiv.
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(Bloomberg) -- Berkshire Hathaway Inc. raised its stake in five of Japan’s trading houses to an average of over 8.5%, in a move to double down on some of Warren Buffett’s favorite stocks.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesBerkshire holds stakes in Itochu Corp., Ma
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(Bloomberg) -- Singapore plans to more aggressively regulate electricity markets as price jumps intensify, again threatening to hurt the retailers that sell it to businesses and households.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankThe Energy Market Aut
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Here is your Pro Recap of the biggest analyst picks and cuts you may have missed since Friday: Downgrades at ASML and Applied Materials, upgrades at Abcam and West Pharmaceutical, and initiation at LendingClub. ASML (NASDAQ:ASML) shares fell more than 2% on Friday after New Street Research downgraded the company to Neutral from Buy, as InvestingPro reported in real-time. New Street Research downgraded Applied Materials (NASDAQ:AMAT) to Neutral from Buy on Friday.
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(Bloomberg) -- The rally in equities will come under pressure in the second half of the year if gains in growth shares stall and rotation into cyclicals doesn’t continue, according to JPMorgan Chase & Co. strategists.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investme
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min )
(Bloomberg) -- Sweden’s beleaguered property sector suffered another blow late on Friday night when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service.Most Read from BloombergTucker Carlson's Fox Defense Crumbled When He Took MillionsFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesStockholm-based Fas
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Berkshire announced stakes in Itochu, Marubeni, Mitsubishi Corp, Mitsui & Co and Sumitomo in 2020 and adding in line with plans to hold the stakes long term and increase them as far as 9.9%. Buffett's investments and his optimism about Japan's prospects have drawn attention to improving economic conditions and shareholder-friendly corporate governance reforms that have helped underpin a sparkling rally in the Nikkei share average.
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Asian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts. Shanghai, Tokyo, Hong Kong and Seoul retreated. Wall Street’s benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned last week it might be raised later if needed to cool inflation.
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Investors can’t agree on whether the rally looks like a repeat of 1999 or the start of something bigger.
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The head of the lidar start-up isn't happy with the performance of his company's stock. Shares are down 86% from record highs reached in December 2020.
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A record 1.5m over-65s are still in the workforce as the cost of living crisis puts retirement out of reach for many.
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Asian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts. Shanghai, Tokyo, Hong Kong and Seoul retreated. Wall Street’s benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned last week it might be raised later if needed to cool inflation.
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Juneteenth is celebrated yearly on June 19.
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Tesla CEO Elon Musk has denied allegations of owning Dogecoin wallets connected to insider trading amid an ongoing class action lawsuit.
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(Bloomberg) -- Oil edged lower following its first weekly gain this month, as investors start to focus on the outlook for the second half of the year.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesWest Texas Intermediate fell toward $71 a barrel after climbing by more than 2%
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When Steven Du took over his parents' factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant's heating in winter - something his frugal forebears were reluctant to do. "If you don't improve their environment, the workers aren't as happy and it's harder for them to do their best work," the 29-year-old said. Du, like tens of thousands of other young Chinese factory bosses, is inheriting a basic manufacturing business that can no longer rely on the labour-intensive model that made China the world's largest exporter of goods.
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(Bloomberg) -- JD.com Inc. aims to create seven listed firms with market values of at least $14 billion apiece, outlining aggressive targets spanning two decades as it wrapped its signature 2023 sales gala with another record haul.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsTucker Carlson's Fox Defense Crumbled When He Took MillionsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend Ti
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min )
Bitcoin dipped on Monday morning in Asia after reclaiming US$26,000 support over the weekend. Ether also fell back but held above US$1,700.
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Global oil prices fell on Monday, backing off last week's gains as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude lost 68 cents to trade at $75.93 a barrel by 0042 GMT, while U.S. West Texas Intermediate (WTI) crude was down 59 cents to $71.19. Last week, Brent posted a gain of 2.4% and WTI rose 2.3%.
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(Bloomberg) -- The Australian dollar and US equity futures rose in early Asian trading Monday amid signs of improving ties between the US and China, while contracts for benchmarks in Asia showed muted moves.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Tucker Carlson's Fox Defense Crumbled When He Took MillionsBlinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesThe Australian dollar
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The different categories of debt within a consumer’s credit history, such as credit cards and loans, are collectively called a credit mix.
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SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning.
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The Fair Credit Billing Act (FCBA) is a 1974 law that protects consumers from unfair billing practices.
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Porter's 5 Forces is a model that identifies and analyzes the competitive forces that shape every industry and helps determine an industry's weaknesses and strengths.
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Unlevered cost of capital is an evaluation of a capital project's potential costs made by measuring costs using a hypothetical or debt-free scenario.
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M1 Finance and Betterment are two top robo-advisors offering different services. Betterment is better for setting financial goals and M1 is better for automated investing.
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"Quid" is a nickname for the British pound, also called the pound sterling, the national currency of the United Kingdom.
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Some public service jobs pay far above the national average and also come with good benefits and job security.
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Learn about the many benefits of research and development (R&D) efforts for companies in competitive markets, including the less-obvious advantages.
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min )
The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organization of accounting professionals.
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SONIA (Sterling Overnight Index Average) is the effective overnight interest rate for unsecured transactions in the British sterling market.
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A cashier’s check is a check written by a financial institution on its own funds, signed by a representative, and made payable to a third party.
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A Monte Carlo simulation allows analysts and advisors to convert investment chances into choices by factoring in a range of values for various inputs.
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min )
International Commodities Clearing House (ICCH) was an independent clearing house that preceded the British London Clearing House Ltd (LCH).
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Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.
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min )
Understand how a value-added tax (VAT) works, how it differs from a sales tax, and the arguments for and against it.
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min )
The London Interbank Offered Rate, or LIBOR, is the interest rate used by major banks in the market for short-term loans.
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Loan officers and mortgage brokers can both help you get a mortgage, but you need to know the differences between them.
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min )
The employment-population ratio between Black and White workers has equalized, but it remains to be seen whether the progress will outlast the current hot labor market.
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min )
The Working Tax Credit (WTC) is a tax credit offered to low-income individuals working in the United Kingdom.
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min )
Gilts are bonds that are issued by the British government and generally considered low-risk equivalent to U.S. Treasury securities.
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min )
The private sector is the part of the economy that is not state controlled and is run by individuals and companies for profit.
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Getting a suspended driver’s license reinstated as quickly as possible will depend on your state and the reason for your suspension. Here’s how.
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An outstanding check draws on the funds in an individual’s or business’ bank account but has not yet been cashed or deposited by the payee.
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Combine trailing stops with stop-loss orders to reduce risk and protect profits.
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Learn how imports and exports have a profound influence on the economies of nations.
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min )
A contract for differences (CFD) is a marginable financial derivative that can be used to speculate on very short-term price movements for a variety of underlying instruments.
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There are big differences between financial accounting and managerial accounting, including why one is highly uniform and the other unique.
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Project management involves the planning and organizing of a company's resources to move a specific task, event, or duty toward completion.
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Goederentreinen hebben afgelopen jaar een recordhoeveelheid vracht vervoerd. Dit komt vooral doordat 28,6 procent meer kolen zijn vervoerd.
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IndiGo, de Indiase maatschappij waar voormalig KLM-topman Pieter Elbers nu de scepter zwaait, heeft vijfhonderd vliegtuigen besteld bij Airbus. De megaorder is bekendgemaakt op de eerste dag van de Parijse vliegshow Le Bourget.
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Intel gaat ruim 30 miljard euro investeren in twee chipfabrieken in Duitsland. Daarbij krijgt het bedrijf miljarden aan subsidies van de Duitse staat, dat meer productie binnen de eigen landsgrenzen wil. Onder meer de Duitse auto-industrie heeft veel computerchips nodig.
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IndiGo, de Indiase maatschappij waar voormalig KLM-topman Pieter Elbers nu de scepter zwaait, heeft vijfhonderd vliegtuigen besteld bij Airbus. De megaorder is bekendgemaakt op de eerste dag van de Parijse vliegshow Le Bourget.
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Windpark Hollandse Kust Noord, van Shell en Eneco, heeft vandaag voor het eerst stroom geproduceerd. De groene energie is via een netverbinding van TenneT aan land gebracht.
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Starters op de woningmarkt maken meer kans op een huis als vastgoedbeleggers niet mogen meebieden. Dat blijkt uit onderzoek van het Kadaster en de Erasmus Universiteit Rotterdam. Voor huurders kan het juist minder gunstig zijn, omdat er minder huurwoningen zijn.
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De Nederlandse economie koelt dit jaar flink af maar blijft met een groei van 0,8 procent stabiel. Consumenten geven minder uit vanwege de torenhoge inflatie en onze export groeit minder hard door de terugval van de wereldhandel. Afgelopen jaar was nog sprake van een groei van 4,5 procent.
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Telecomprovider KPN heeft glasvezelnetwerken in Den Haag, Rotterdam en Eindhoven gekocht van investeringsfonds Primevest. Dat is opvallend, want de geldschieter heeft die netwerken eerder samen met T-Mobile aangelegd.
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Bedrijven als ANWB en NS willen dat er meer geld beschikbaar komt voor het verduurzamen van het vervoer.
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Nederland heeft inmiddels meer dan 500.000 laadpunten voor elektrische auto's. Het gaat om openbare laadplekken, laders bij mensen thuis en semipublieke laadpunten. Dat zijn punten die voor een bepaalde doelgroep toegankelijk zijn, zoals bij een supermarkt of op het werk.
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Bedrijven als ANWB en NS willen dat er meer geld beschikbaar komt voor het verduurzamen van het vervoer.
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Vooral jongeren hebben een grote kans om weer aan het werk te gaan als ze werkloos zijn. Mensen die ouder dan 65 jaar zijn of een ziekte of aandoening hebben, maken beduidend minder kans.
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Vanaf vandaag kunnen studenten in het hoger onderwijs weer een basisbeurs aanvragen. Na acht jaar leenstelsel is de basisbeurs nu terug van weggeweest.
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De Italiaanse regering heeft maatregelen genomen om te voorkomen dat een Chinees staatsbedrijf de controle krijgt over bandenfabrikant Pirelli, een van de bekendste bandenleveranciers van de Formule 1.
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Vanaf vandaag kunnen studenten in het hoger onderwijs weer een basisbeurs aanvragen. Na acht jaar leenstelsel is de basisbeurs nu terug van weggeweest.
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Het afgelopen jaar waren er 1,6 miljoen nieuwe vacatures in ons land en dat is het hoogste niveau sinds 1997 toen de meting begon. Ten opzichte van 2021 is er sprake van een toename van 143.000 vacatures.
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Vooral jongeren hebben een grote kans om weer aan het werk te gaan als ze werkloos zijn. Mensen die ouder dan 65 jaar zijn of een ziekte of aandoening hebben, maken beduidend minder kans.
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Nederlandse banken gaan nauw samenwerken om consumenten beter te helpen als die niet (meer) in staat zijn hun bankzaken te regelen. Het gaat dan om bijvoorbeeld ouderen en mensen die het Nederlands niet goed beheersen of digitale vaardigheden missen. Er komen meer gezamenlijke bankinformatiepunten waar mensen terecht kunnen voor advies.
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The efficient market hypothesis (EMH) theorizes that the market is generally efficient, but offers three forms of market efficiency: weak, semi-strong, and strong.
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Shareholder equity (SE) is the stock owners' claim after total liabilities are subtracted from total assets. The number is used as a measure of a company's financial health.
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Deferred revenue is an advance payment for products or services that are to be delivered or performed in the future.
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A credit spread reflects the difference in yield between a treasury and corporate bond of the same maturity. It also refers to an options strategy.
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An air waybill (AWB) is a document that accompanies goods shipped by an international air courier to provide detailed information about the shipment.
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The Bahamian dollar (BSD) is the national currency of the Commonwealth of The Bahamas.
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The Rule of 72 determines how long an investment will take to double given a fixed annual rate of interest.
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Learn what this phrase means and how to spot it in a company's financial statements.
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Closing time lines for mortgages have gotten longer over the last several years. Learn the latest closing time lines and what you can do to speed them up.
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The Secondary Mortgage Market Enhancement Act is an act passed in 1984 to meet growing demand for mortgage credit.
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Brokered certificates of deposit are CDs that can be traded on the secondary market. Learn how brokered CDs work.
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Unlimited bond purchase programs involve open-ended commitments by central banks to purchase distressed government debt.
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As implied volatility increases, call and put option prices go up. When implied volatility decreases, option prices go down.
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Puerto Rican rapper Bad Bunny had a net worth of $88 million as of 2022 and has earned millions from his record-breaking tours, and lucrative endorsements with brands like Adidas, Cheetos, and Pepsi.
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Two solid options. The right one for you will depend on your digital-versus-human preference, the amount you have to invest, and your desire to fine-tune your portfolio.
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Bank fees are nominal fees for a variety of account set-up and maintenance, and minor transactional services for retail and business customers.
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When you earn interest on a certificate of deposit, you must report it as income and pay taxes on it.
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Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first.
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Surprisingly, opening a Swiss bank account is not that much different from opening a standard bank account.
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Condominiums are housing units in a large property complex that are sold to buyers. While apartments are generally rented, condos are owned. Learn more.
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An employee stock purchase plan (ESPP) is a company-run program in which participating employees can buy company shares at a discounted price. Learn how it works.
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The annual equivalent rate (AER) is the interest rate for a savings account or investment product that has more than one compounding period.
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Hard money and soft money are terms often used to describe currency and also refer to political contributions in the United States.
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From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. Financial professionals are among the highest-paid workers in communist China and their wealth and flashy lifestyles have often come under criticism from the public on social media as the economy slows, drawing Beijing's ire as well. China's top graft-busting watchdog earlier this year vowed to eliminate ideas of a Western-style "financial elite" and rectify the hedonism of excessive pursuit of "high-end taste".
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China's interest rate decision. The People's Bank of China is likely to cut its one- and five-year loan prime rate (LPR) lending rates by 10 basis points to 3.55% and 4.20%, respectively, its latest attempt to bolster China's creaking economy and steer it away from deflation.
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Companies should encourage workers to come forth with their A.I. use, says Ethan Mollick, not punish them.
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Earnings reports from FedEx, Darden, FactSet, Accenture, and CarMax. Plus, housing data, leading economic indicators, a BofE interest rate decision, and Powell testimony.
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(Bloomberg) -- Intel Corp. has agreed in principle to build a $25 billion manufacturing plant in Israel in what Prime Minister Benjamin Netanyahu hailed as the largest ever foreign investment in the country.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderEr
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A “rising tide” of City investors are set to replace small-time buy-to-let landlords who are being driven out of the market by higher interest rates, experts have said.
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The SEC was always the industry’s bete noire, but is it now the final battle?
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The post-covid economy was meant to roar. But it is faltering again
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(Bloomberg) -- For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderNYC Air Quality Improves to Moderate Rating From ‘Unhealthy’The world’s second-largest bullion p
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There are thousands of publicly traded companies on Wall Street’s stock exchanges, tens of thousands of investors buying and selling practically every hour, and more thousands of professional stock analysts watching every detail of these transactions. It’s enough raw data that even Mr. Spock would have trouble calculating the odds in his head. Spock would turn to the Enterprise computer, which we haven’t got – but we do have the Smart Score, a sophisticated data parsing and collation tool, power
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If you've looked at the investment options in your workplace 401(k) retirement plan, chances are you'll see mutual funds that put your money into stocks, bonds or cash and cash equivalents. Those have been the options available ever since 401(k) … Continue reading → The post Here's One Easy Way to Boost Your 401(k) By 8% appeared first on SmartAsset Blog.
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For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.
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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.
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Annuities are an ideal option for investors seeking regular income in retirement. They pay out a fixed stream of payments on a monthly or annual basis that you can never outlive. Here's how much you'd get per month if you … Continue reading → The post How Much Does a $50,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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Let's say you want to retire early, at age 55. Is $5 million enough to achieve your goal? While the cost of living varies from place to place, a nest egg this size would likely give more than enough money for … Continue reading → The post Is $5 Million Enough to Retire at 55? appeared first on SmartAsset Blog.
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If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.
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Sales tax on large purchases, like a car, is crucial to factor into the price. Depending on where you live and the price of your car, sales tax can cost you thousands of dollars. But did you know there are … Continue reading → The post How to Legally Avoid Paying Sales Tax on a Used Car appeared first on SmartAsset Blog.
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As inflation and interest rates have increased, the rates paid on cash deposits have barely budged – until now. With inflation averaging more than 8% for 2022, the Federal Reserve increased interest rates several times, hiking the benchmark federal funds rate … Continue reading → The post You Can Now Get an Easy 5% Return on Your Cash With No Risk appeared first on SmartAsset Blog.
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Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.
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(Bloomberg) -- The Federal Reserve’s decision to stop its interest-rate hikes, at least temporarily, is a break for consumers who’ve watched everything from their credit cards to mortgages get more expensive. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo Order
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(Bloomberg) -- The world’s riskiest sovereign bonds are having a moment as Wall Street investors seek out high yields from countries showing early signs of market-friendly pivots.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo OrderEric Schmidt Buys Abandoned Al
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The biannual 2023 Paris Air Show starts Tuesday and runs through June 25. It's the first since 2019 after a Covid-related cancellation in 2021.
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(Bloomberg) -- Jerome Powell will be in the Capitol Hill spotlight a week after the Federal Reserve paused its most aggressive tightening campaign in decades, with investors watching for clues on whether central bankers are indeed leaning toward further interest-rate hikes.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment
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Jack Ma, the billionaire founder of Alibaba Group Holding, made a rare public appearance on Saturday in the eastern Chinese city of Hangzhou to chat with the finalists of an annual global mathematics competition organised by the company's in-house research unit. According to a statement from the e-commerce giant's Damo Academy, Ma discussed the "understanding of mathematics" with finalists of the 2023 Alibaba Global Mathematics Competition. This marks the second time that the 58-year-old entrepr
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Intel Corp will build a new factory in Israel worth $25 billion, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. The factory in Kiryat Gat is due to open in 2027 and will employ thousands of people, Israel's Finance Ministry said, adding that under the deal Intel will pay up a 7.5% tax rate, up from the current 5%. There was no immediate comment from Intel in Israel.
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Nearly two-thirds of U.S. adults age 65 and older have money in stocks.
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After more than a year of rapid rises in mortgage rates, relief is in sight—but lower rates may not come as quickly as prospective buyers would like, economists say.
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A billionaire bungalow tycoon has been plunged into a bankruptcy row amid allegations of a trail of unpaid debts.
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Companies are resisting layoffs even as economic weakness looms.
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(Bloomberg) -- Hong Kong is betting that a new program allowing investors to trade equities in the yuan on top of its local currency will help revive its flagging stock market and boost turnover that’s hovering at a four-year low.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAfrica’s Richest Ci
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De Turkse lira is na de verkiezingen in een vrije val geraakt. De munt is maar liefst 20 procent van zijn waarde verloren ten opzichte van de euro. Hoe diep kan de lira nog zakken? En welke koers gaat de Turkse centrale bank varen?
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Het Amerikaanse chipconcern Intel gaat voor 25 miljard dollar (22,8 miljard euro) een nieuwe fabriek bouwen in Israël. Dat zei de Israëlische premier Benjamin Netanyahu zondag. Volgens hem gaat het om de grootste internationale bedrijfsinvestering ooit in Israël.
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Ondanks maatschappelijke druk op Shell om te vergroenen, liet de CEO van het bedrijf afgelopen week weten dat de olieproductie niet verder omlaaggaat. Het bedrijf zegt voor te lopen op de doelen om uitstoot te verlagen. Maar Amerikaanse aandeelhouders drukken ook hun stempel.
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Ondanks maatschappelijke druk op Shell om te vergroenen, liet de CEO van het bedrijf afgelopen week weten dat de olieproductie niet verder omlaaggaat. Het bedrijf zegt voor te lopen op de doelen om uitstoot te verlagen. Maar Amerikaanse aandeelhouders drukken ook hun stempel.
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De topman van het Franse olie- en gasconcern TotalEnergies vindt de kritiek van klimaatactivisten dat het bedrijf aan 'greenwashing' zou doen oneerlijk. Volgens Patrick Pouyanné steekt TotalEnergies juist veel geld in duurzame energiebronnen en onder meer de aanleg van laadpalen voor elektrische auto's.
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De Duitse economie zal dit jaar niet groeien. Die verwachting heeft de Duitse industrievereniging BDI uitgesproken in de krant Frankfurter Allgemeine Zeitung.
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Boeing verwacht dat het aantal vliegtuigen in de lucht de komende twintig jaar verdubbelt. Dat meldt de Amerikaanse vliegtuigbouwer aan de vooravond van het Internationale Lucht- en Ruimtevaartsalon (SIAE) in het Franse Le Bourget.
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Het kabinet is niet van plan om het voorbeeld te volgen van nabijgelegen landen die iets aan de hoge prijzen van boodschappen proberen te doen. Zo heeft Frankrijk maatregelen aangekondigd en wil de Belgische minister van Economie fabrikanten dwingen hun prijzen te temperen.
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A journal is a detailed record of the financial transactions of a business, designed to be used to reconcile all of the business' accounting records.
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Options trading sounds complicated until you know these four basic moves. Learn how to trade options here.
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Learn about LGBTQ+ retirement challenges and remedies, including higher poverty rates, a savings shortfall, the need to plan, and available resources.
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In finance, the term laddering is used in a variety of ways depending on the industry. A common usage relates to bond ladders for retirement income.
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An angel investor provides seed money for early-stage startups, usually in exchange for ownership equity if the idea takes off.
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The Securities and Exchange Commission has secured an emergency action to protect the assets of Binance's U.S. customers.
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Real estate auctions bring real estate buying opportunities to many informed house hunters. Learn more about this market.
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Discover three of the most popular government money market funds well suited for investors seeking capital preservation and minimal risk.
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An impairment in accounting is a permanent reduction in the value of an asset to less than its carrying value.
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GBP/USD is short for the British pound and U.S. dollar currency pair, or cross, showing how many U.S. dollars (the quote currency) are needed to buy one British pound (the base currency).
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CDs have attracted attention after an era of low interest rates, but financial advisors said they still warrant thoughtful consideration depending on clients' profiles.
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If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.
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An account statement is a periodic summary of account activity with a beginning date and an ending date.
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For those of you who are new to check writing, here is a step-by-step guide on how to fill one out.
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The diffusion of innovations theory is a hypothesis outlining how new technological and other advancements spread throughout societies and cultures.
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If a stop-limit order is established, find out if it is guaranteed to be executed even when the market is dropping fast. See why the trade may be held up.
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One ETF has taken in more money than all others so far in 2023, with a massive $11.3 billion in inflows as of June 6th, according to FactSet. But it’s not a hot new AI fund or an ETF capitalizing on other en-vogue tech trends, although it will give you some exposure to them. Instead, it’s arguably one of the most boring, vanilla ETFs out there, but this doesn’t mean it can’t help you to grow your portfolio. It’s the Vanguard S&P 500 ETF (NYSEARCA:VOO). In fact, whether you are just beginning you
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Cathie Wood's ARK Invest Innovation ETF disclosed more sales of Tesla stock on Friday evening.
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(Bloomberg) -- Bond investors are having to regroup after this week’s Federal Reserve meeting dealt a crippling blow to a strategy that many on Wall Street had banked on at the start of the year.Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAirbus Set for Splashy Paris Debut With 500-Jet IndiGo
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(Bloomberg) -- America’s most leveraged companies got a painful reality check this week when Federal Reserve Chairman Jerome Powell warned that a rate cut is still a couple of years away. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment BankAfrica’s Richest City Is Crumbling Under Chaos and Corruption
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The Securities and Exchange Commission has secured an emergency action to protect the assets of Binance's U.S. customers.
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The National Grid will ask factories and businesses to voluntarily cut their electricity usage this winter under an expansion of a service previously pioneered by households.
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"Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling," the Goldman strategists wrote in the note dated on Friday, according to the Bloomberg report. Markets are ignoring the potential for "delayed-onset inflation" in sectors such as healthcare, the strategists wrote, Bloomberg reported.
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United Parcel Service’s largest labor union is ready to play hardball.
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The exchange agrees to keep assets in the country and under Binance.US executives’ control.
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Consumer advocates say Bunge’s agreement to buy Viterra could drive up prices, while Bunge says the companies don’t overlap
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(Bloomberg) -- Investors have just turned back the clock on the Fed’s tightening campaign and cast aside the Fed fears that ruled them for 15 months.Most Read from BloombergEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionAfrica’s Richest City Is Crumbling Under Chaos and CorruptionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingCrispin Odey’s One-Week Downfall Was Decades in the MakingMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinThe S&P 500 index capp
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Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
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SmartAsset compares three of the largest investment companies based on usability, trade experience, offerings and cost. Learn more here.
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Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you can't access your funds until the … Continue reading → The post Are Certificates of Deposit (CDs) FDIC-Insured? appeared first on SmartAsset Blog.
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Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. The concept … Continue reading → The post Buy, Borrow, Die: How the Rich Avoid Taxes appeared first on SmartAsset Blog.
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An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.
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If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.
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Microsoft, with its Activision Blizzard deal still uncertain, is advancing its cloud-centric subscription-based business model with a slate of coming Xbox videogames including “Starfield.”
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Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
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CDs have attracted attention after an era of low interest rates, but financial advisors said they still warrant thoughtful consideration depending on clients' profiles.
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Hammered by inflation, recession fears and doubts about the future of Social Security, an increasing number of working Americans say they plan to claim their Social Security benefits early while staying on the job. Here are the factors driving this … Continue reading → The post More Workers Plan to Retire on Less Money by Claiming Social Security Early appeared first on SmartAsset Blog.
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If you’ve used Google’s search engine and clicked on a link at any time between October 2006 and September 2013, you may be eligible for a small portion of a $23 million settlement.
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McDonald’s’ British expansion plans are being scuppered by bureaucracy and planning red tape, the boss of the fast food chain has said.
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Workers at the failed California banks plowed their money into company stock.
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(Bloomberg) -- A decade ago, Paul Singer did battle with the government of Argentina — and won. Next week, the notoriously pugnacious hedge fund boss is taking on a bastion of the City of London, the 146-year-old London Metal Exchange.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingMichael Jordan to Sell $3 Billion Hornets Stake to P
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min )
(Bloomberg) -- Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at Goldman Sachs Group Inc.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinPutin Says Russia Put First Nuclear Weapons in BelarusInvestors could be assuming
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Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.
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The New Development Bank is having difficulty accessing dollars, and has largely stopped lending, the Wall Street Journal reported.
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The consequences of an international minimum-tax agreement are about to be felt.
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Kroger management reaffirmed the “low end” of 1-2% identical sales growth guidance. The post How Kroger expanded margins when growth was hard to come by appeared first on FreightWaves.
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New details have emerged about Tiger Cool Express’ financial health leading up to the company’s abrupt closure on Tuesday. The post Tiger Cool Express ceases operations amid financial troubles appeared first on FreightWaves.
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Here are the daily ETF fund flows for June 12, 2023.
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De Duitse economie zal dit jaar niet groeien. Die verwachting heeft de Duitse industrievereniging BDI uitgesproken in de krant Frankfurter Allgemeine Zeitung.
( 2
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Bij pakketbezorger UPS dreigt een grote staking in de Verenigde Staten. Vakbondsleden onder de bezorgers en medewerkers van sorteer- en distributiecentra stemden volgens vakbond Teamsters vrijwel unaniem in met acties als er voor eind juli geen nieuw loonakkoord is.
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Piekbelaster is een relatief jong begrip in de boerengeschiedenis van ons land. Twee jaar geleden hadden we er nog nooit van gehoord, nu weet bijna iedereen wat het betekent. Wat een piekbelaster kan krijgen als die zich laat uitkopen, varieert van een paar miljoen euro tot wel meer dan 10 miljoen euro.
( 4
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De luchtvaartbranche wil dat Europese overheden meer belastinggeld steken in het beperken van de CO2-uitstoot van vliegtuigen. Sprekers op een panel voorafgaand aan de Paris Air Show van volgende week waarschuwden vrijdag dat Europa achterop dreigt te raken bij de Verenigde Staten.
( 4
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Bijna negenduizend Reddit-fora gingen begin deze week op zwart. Twee dagen was het idee. Om te protesteren tegen plotselinge kosten waarmee onafhankelijke ontwikkelaars vanaf juli worden opgezadeld. Ruim de helft van de fora is vijf dagen later nog steeds dicht. En Reddit-topman Steve Huffman is niet van plan iets te veranderen aan zijn plannen.
( 5
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Ruim 160 bouwplaatsen zijn zaterdag te bezoeken tijdens de jaarlijkse Dag van de Bouw. Dat zijn er volgens organisator Bouwend Nederland meer dan ooit.
( 4
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Om de energietransitie te versnellen, moeten we meer stroom gebruiken als er veel zonne- en windenergie wordt opgewekt. Daarom moeten we af van vaste energietarieven en overstappen op 'dynamische' stroomprijzen, vindt klimaateconoom Reyer Gerlagh. Andere experts hebben daar bedenkingen bij.
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The funds are all fully transparent, unlike the firm’s previous stock exchange-traded funds.
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The S&P 500 has broken the 4200 level, marking a support if the stock market were to fall. And if that level were to hold, the index could be gearing up to rally again.
( 22
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Choosing the AI winners might not be as easy as it looks. While Nvidia is an obvious one, others have a lot of catching up to do.
( 22
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Homeowners are staying put as they try to hold on to the lower mortgage rates secured before borrowing costs went up, Redfin said.
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Analysts weigh in on Salesforce, Oracle, Chevron, Netflix, Kohl’s, and Floor & Decor Holdings
( 22
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For 10 years, crypto startup after crypto startup has tried its luck with the SEC. Now Wall Street’s heaviest hitter is lending its weight.
( 7
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Constellation has quietly doubled Modelo Especial sales since 2017, pushing past Corona and finally unseating Bud Light in the past week as America’s favorite beer. Plus, Nasdaq CEO Adena Friedman’s deal to buy Adenza.
( 22
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Controversial China-founded retailer Shein is growing into a global titan. Analysts say that many Western competitors are ignoring the app—at their peril.
( 50
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Economics and politics might have played a role in the Federal Reserve’s decision to forgo an interest-rate hike this month.
( 22
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The switch in the company’s public numbers caused a “groundswell of concern” at the startup, according to newly released messages.
( 9
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(Bloomberg) -- Nikola Corp. shares surged this week in a rally that’s eating into paper profits for traders betting against the electric-vehicle maker and setting them up for a short squeeze.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinPutin Says Russia Put First Nuclear Weapons in BelarusA Goldman Partner’s Sexually Explicit Video Le
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(Bloomberg) -- Another week, another 600 points in the Nasdaq 100. How does this keep happening? It may be that despite the Federal Reserve’s best efforts to drain the economy of vigor, nothing terrible has actually happened to the corporate earnings engine.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionPutin Says Russia Put First Nuclear Weapons in BelarusMichael Jordan to Sell $3 Billion Hor
( 10
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After falling for seven straight months, the Case-Shiller U.S. National Home Price Index finally showed upticks in February and March. But according to economics research firm Capital Economics, the decline in the housing market is far from over. In their latest report, Capital Economics researchers point out that the increase in home prices in February and March was because of higher demand as a result of declining mortgage rates at the start of this year. But that will prove to be short-lived.
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And it doesn’t really matter if it’s technically a trust.
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Series I US savings bonds (I bonds) bought before Nov. 1, 2023, pay a guaranteed 4.30% for six months. Or you could open a 6-month CD that pays 5.65%. Which makes the most sense in the long run?
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(Bloomberg) -- The bull-market rally in US stocks is about to run out of steam, according to Citigroup Inc.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionPutin Says Russia Put First Nuclear Weapons in BelarusA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementMichael Jordan to Sell $3 Billion Hornets Stake to PlotkinStrategists at the bank led by Scott Chronert this week r
( 8
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The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand. The post Supertanker rate roller coaster: Surprise spike to $91,000 per day appeared first on FreightWaves.
( 9
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Here’s our weekly roundup of the week’s most-read articles at Barron’s Advisor.
( 22
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Two top economists agree that inflation is already conquered, and by continuing the big squeeze, the Fed will likely drive the U.S. into an unecessary, and possibly steep, recession.
( 11
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A southwest Florida couple has been charged with stealing more than $2 million in COVID-19 relief funds and using the money to buy boats, new businesses and other luxury items. Timothy Craig Jolloff, 46, and Lisa Ann Jolloff, 56, made their initial appearances Friday in Fort Myers federal court on charges of conspiracy to commit money laundering and illegal monetary transactions, according to court records. Timothy Jolloff is also charged with one count of wire fraud.
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(Bloomberg) -- Airline, hotel and cruise stocks have jumped since late May as consumers rush to travel, but the outlook for later this year is murky and higher interest rates may take their toll on the shares. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionAfrica’s Richest City Is Crumbling Under Chaos and CorruptionErmotti Suggests ‘Massive Downsizing’ Might Come to Credit Su
( 8
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Robo-taxis "could potentially transform society" and account for over 70% of Tesla's future value, analysts said.
( 7
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Wells Fargo Investment Institute sees the S&P 500 falling 7% by year-end as corporate earnings sink.
( 9
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After Big Tech's parabolic run, the debate now is whether to hold the shares or fold them. Strategists at Citi argue that they look more like sells than buys.
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The latest member of the world’s trillion-dollar club pays a shockingly small amount of federal taxes.
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Yields for the top cash reserve accounts, CDs, savings accounts, and MMAs are at multi-year highs. The best choice for your savings likely comes down to the differences between these kinds of accounts.
( 20
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The U.S. chip maker said it will invest more than $600 million to acquire packaging equipment and build a new facility in its Xi'an factory.
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Oil prices are down sharply from last year's highs and views are split on whether they'll fall further or start climbing again.
Analysts generally expect prices to rise from their current level of around $70 a barrel as [the Chinese recovery gains steam](https://www.wsj.com/articles/chinas-stimulus
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↗️ Adobe (ADBE): The software company’s stock rose 3% in morning trading after Adobe posted second-quarter earnings that topped analysts’ expectations.
↗️ iRobot (IRBT): Stock jumped 19% af
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Coherus BioSciences Inc (NASDAQ: CHRS) has agreed to acquire Surface Oncology Inc (NASDAQ: SURF), a clinical-stage immuno-oncology (I-O) company developing next-generation immunotherapies that target the tumor microenvironment. The Surface acquisition adds two clinical stage assets to Coherus' I-O pipeline: SRF388, currently in Phase 2 trials in lung and liver cancer, and SFR114, currently in a Phase 1/2 study as a monotherapy for advanced solid tumors. Coherus will issue shares at $5.2831 per s
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Galactic 01 will fly between June 27 and June 30 and carry three crew members from Italy’s Air Force and National Research Council and will conduct microgravity research.
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The stock, rising in value toward $3 trillion, is one reason why the S&P 500 is up 15% so far this year. That makes the valuation worthy of a close look.
( 22
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The CEO of Bud Light’s maker has released a message telling its “valued customers" that “we hear you" as sales of the beer are declining.
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The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.
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An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.
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When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can … Continue reading → The post Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This appeared first on SmartAsset Blog.
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Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.
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I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program … Continue reading → The post Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution appeared first on SmartAsset Blog.
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It can be hard to know if your retirement savings are on track, but comparing your balance to where others similar in age are can help. In particular, taking a look at the average 401(k) balance by age is a good place … Continue reading → The post The Average 401(k) Balance by Age: Are You Off the Mark? appeared first on SmartAsset Blog.
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My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
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The recession, inflation and COVID-19 have made a bad situation worse. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent's ill-planned retirement. All while also trying to raise … Continue reading → The post Enablement Could Leave you Permanently Footing the Bill for Your Entire Family appeared first on SmartAsset Blog.
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Dave Ramsey’s endorsements of a time-share exit service did not make clear that he was being paid millions of dollars by the company, according to the lawsuit.
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The S&P 500’s recent rally has pushed the index’s valuation multiple higher.
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The former Yahoo CEO is now running the A.I. contacts platform Sunshine.
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The Competition and Markets Authority said the “deal would not lead to competition concerns in the U.K” or put rivals at a disadvantage.
( 22
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(Bloomberg) -- Iran is shipping the most crude in almost five years, fortifying its re-emergence on the geopolitical stage while posing risks for a fragile global crude market.Most Read from BloombergAfrica’s Richest City Is Crumbling Under Chaos and CorruptionA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementCrispin Odey’s One-Week Downfall Was Decades in the MakingAlphabet Selling Google Domains Assets to SquarespaceSocial Security Benefits Targeted for Cuts by House Con
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British antitrust regulators cleared Amazon’s purchase of robot vacuum maker iRobot on Friday, but the $1.7 billion deal still faces scrutiny in the United States and Europe. The Competition and Markets Authority said it decided not to escalate its initial investigation because it concluded that the deal would not result in a “substantial lessening of competition” within the United Kingdom. Amazon said it was pleased with the result.
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How Russia’s war in Ukraine paralyzed the Brics’s New Development Bank.
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The winning streak has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a potential squeeze in the highly shorted stocks. For instance Nikola, which has more than doubled in value this week, has a short interest of 15.7%, according to Refinitiv. Other big gainers such as Lordstown and Workhorse Group have short interests of 15.2% and 24.3%, respectively.
( 7
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Virgin Galactic (SPCE)'s shares are rocketing after the company said it was days away from sending its first commercial flight into space, following years of delays.
Galactic 01 is due to fly between June 27 to June 30, carrying a team of three Ita
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Britain's competition regulator on Friday cleared Amazon.com Inc's planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner. The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK. In April, the CMA had launched a "Phase 1" probe into the deal which was announced in August last year as Amazon sought to expand its stable of smart-home devices.
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Oracle stock has already gotten a big lift from the generative AI trend. The company says it’s just getting started.
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Adobe posts fiscal second-quarter earnings better than analysts' estimates and raises its fiscal-year outlook, Cava extends gains after surging nearly 100% in the stock's trading debut, and Virgin Galactic surges as it readies commercial spaceflights for the end of the month.
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(Bloomberg) -- The S&P 500 may have entered a technical bull market last week, but Bank of America Corp.’s Michael Hartnett say it’s not the start of a new major rally in equities.Most Read from BloombergA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementSocial Security Benefits Targeted for Cuts by House ConservativesStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapAlphabet Selling Google Domains Assets to SquarespaceThe strategist who correctly predicted the s
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Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at SoFi Technologies, Mersana, Zions, and RPC, and initiation at MSCI. Piper Sandler adjusted its rating to Neutral from Overweight with a price target of $8.00 (from $6.50). Meanwhile, BofA Securities downgraded the company to Neutral from Buy with a price target of $10.00 (from $9.50).
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(Bloomberg) -- It was a rare public appearance by the head of the billionaire Perrodo family’s multinational oil company.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedWorkers Resisting the Office Grind Are Suddenly Lonely at HomeBenoit
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Shares of onshore drillers have fallen steeply after a wave of recent rig idlings, which investors fear could signal a coming drop in oil demand amid a slowing economy.
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Your balance is likely up, but there are reasons to resist the urge to peek at your retirement savings.
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A market is where two parties, usually buyers and sellers, can gather to facilitate the exchange of goods and services.
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Retail banking consists of basic financial services, such as checking and savings accounts, among others, that are sold to the general public via local branches.
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If you're planning to retire in 2024 or 2025, a fixed-rate CD paying 5.25% APY (or more) could help your cash savings grow faster so you're financially prepared.
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The Federal Reserve is keeping interest rates high, and banks are offering some of their best rates on CDs in years.
( 15
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Investors couldn’t keep up the momentum from this week’s Fed rates news, but the Dow Jones Industrial Average still moved higher for the third-straight week
( 17
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A credit card balance transfer can be a way to pay off your credit card debt more quickly while also saving on interest. But there are some risks.
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Markets closed lower for the day, higher for the week on lower inflation, expectations the Fed may be pause or halt interest rate hikes.
( 16
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Series I US savings bonds (I bonds) bought before Nov. 1, 2023, pay a guaranteed 4.30% for six months. Or you could open a 6-month CD that pays 5.65%. Which makes the most sense in the long run?
( 18
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DraftKings made a $195 million cash bid for the U.S. assets of PointsBet, a higher offer than Fanatics.
( 16
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A deposit slip is a paper form that a bank customer includes when depositing funds into a bank account. It cites the depositor's account number and the amount deposited
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The University of Michigan's Consumer Sentiment Index rose in June to its highest level in four months as inflation eased.
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On the heels of the pandemic, the Fed has been battling decades-high inflation with aggressive rate hikes, and driving savings account rates to almost 16-year highs.
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A broad-based index is designed to reflect the movement of the entire market—one example of a broad-based index is the Dow Jones Industrial Average.
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A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.
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Regulation Best Interest (BI) is an SEC rule that requires broker-dealers to recommend only products that are in their customers' best interests.
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Unique characteristics are included in the balance sheet and income statement of a bank's financial statements that help investors decipher how banks make money.
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Investment banks participate in trade financing activities while merchant banks often expand into securities underwriting.
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A quartile is a statistical term describing a division of a data set into four equal intervals.
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The Consumer Price Index rose 4% over 12 months in May, down more than half from the 9.1% inflation peak logged less than a year ago in June 2022 and its lowest since March 2021.
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U.S. equities were little changed at midday on Friday, June 16, 2023, but on track for a winning week heading into the long holiday weekend.
( 16
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A paid tax preparer can provide expert advice and save you time, but doing your own taxes with the help of software will save you money.
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U.K. regulators approved Amazon's $1.7 billion purchase of Roomba vacuum maker iRobot.
( 16
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With the Federal Reserve keeping interest rates steady, robo-advisors are able to continue to offer some of the highest rates on cash accounts.
( 18
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Adobe posted record Q2 revenue as its use of AI boosted demand.
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Aftermarket performance is the variation in the price level of a newly issued stock during a period after its initial public offering (IPO).
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Upstream and downstream oil and gas production refers to a company's location in the supply chain.
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An independent agent can sell the insurance or financial products of several carriers and is not captive to just their direct employer's products.
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Yields for the top cash reserve accounts, CDs, savings accounts, and MMAs are at multi-year highs. The best choice for your savings likely comes down to the differences between these kinds of accounts.
( 20
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Property-based investments are the most common kind of holding within a special purpose vehicle, or SPV, and they help the parent company.
( 19
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The average rate for a new purchase 30-year fixed mortgage ticked up just 1 basis point on Thursday to 7.14%. Other rates were mixed, with increases and decreases across loan types.
( 20
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Shares of Virgin Galactic surged after announcing it would begin to offer commercial space tourism services in late June.
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A merchant account is a business bank account allowing companies to accept payments and pay bills.
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A variable rate certificate of deposit (CD) has a fixed term but an interest rate that changes based on various economic conditions over time. Variable rate CDs make sense when interest rates rise but can become a trap when rates fall.
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Hazard insurance protects a property owner against damage caused by fires, severe storms, earthquakes, or other natural events.
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The appraisal approach is a procedure for determining an asset's value using an appraisal, rather than market transaction pricing.
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Suggestive selling is a sales technique in which the customer is asked if they want to include a supplemental item or service with a purchase.
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The best CDs now allow savers to lock in interest rates above 5%. How does this stack up against the S&P 500 this year?
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Understand what kind of net interest margin is typical for financial institutions, and discover why net income margin doesn't tell the whole story.
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Bank credit is the total amount of credit available to a business or individual to borrow from a banking institution.
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Find out more about the capital adequacy ratio, or CAR, and the minimum capital adequacy ratio that banks must attain under Basel III.
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Direct deposit is the deposit of electronic funds directly into a bank account. It offers a predictable process for funds transfer.
( 23
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Brexit refers to the U.K.'s withdrawal from the European Union after voting to do so in a June 2016 referendum.
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An original equipment manufacturer (OEM) provides components for another company's product and works closely with the seller of the finished product.
( 23
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De luchtvaartbranche wil dat Europese overheden meer belastinggeld steken in het beperken van de CO2-uitstoot van vliegtuigen. Sprekers op een panel voorafgaand aan de Paris Air Show van volgende week waarschuwden vrijdag dat Europa achterop dreigt te raken bij de Verenigde Staten.
( 4
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De kans is groot dat de leraren in het onderwijs na de zomervakantie gaan staken. Het kabinet weigert voorlopig aan de eisen van de vakbonden te voldoen en is niet bereid tot een loonsverhoging van 12 procent.
( 3
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Het kabinet trekt nog eens 900 miljoen euro uit, zodat ook lage- en middeninkomens hun woning kunnen verduurzamen. Zij kunnen dan via een renteloze lening bijvoorbeeld een warmtepomp aanschaffen.
( 3
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Bijna negenduizend Reddit-fora gingen begin deze week op zwart. Twee dagen was het idee. Om te protesteren tegen plotselinge kosten waarmee onafhankelijke ontwikkelaars vanaf juli worden opgezadeld. Ruim de helft van de fora is vijf dagen later nog steeds dicht. En Reddit-topman Steve Huffman is niet van plan iets te veranderen aan zijn plannen.
( 4
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De Europese Centrale Bank (ECB) zal de rente na de zomer mogelijk verder verhogen om de hoge inflatie in de eurozone tegen te gaan. Dat zegt president Joachim Nagel van de Bundesbank.
( 3
min )
Een groep van ruim tweehonderd Fransen klaagt Philips aan vanwege de gebreken in de slaapapneuapparaten. In de aanklacht wordt het bedrijf onder meer beschuldigd van doodslag, misleiding en het in gevaar brengen van levens.
( 3
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Nederlandse beleggers kunnen vanaf medio volgende maand niet meer beleggen in digitale valuta via Binance. Het grootste cryptoplatform ter wereld biedt zijn diensten in ons land vanaf dan niet langer aan, omdat het ondanks meerdere pogingen geen vergunning krijgt van toezichthouders.
( 3
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FNV vindt dat personeel van sociale werkplaatsen ongelijk wordt behandeld en stapt daarom naar het College voor de Rechten van de Mens. De vakbond en de medewerkers willen een hoger loon, maar de gemeenten bieden dat nog niet.
( 3
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Onze economie groeit sinds 2019, maar Nederlanders zijn niet tevredener geworden. Onder meer ons geluk, onze woonsituatie en onze gezondheid gingen er niet op vooruit, stellen de Universiteit Utrecht en Rabobank op basis van onderzoek naar de 'brede welvaart'.
( 3
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KLM en andere luchtvaartmaatschappijen hebben een alternatief plan ingediend om de overlast van vliegtuigen rondom Schiphol te verminderen. Ze willen de geluidsoverlast voor omwonenden terugdringen door nieuwe, stillere toestellen in te kopen om 's nachts mee te vliegen. Maar Schiphol zelf wil in de nacht juist dicht.
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De Nederlandse productie van zonnestroom is in 2022 opnieuw enorm toegenomen. We haalden 46 procent meer elektriciteit uit zonlicht dan een jaar eerder, en zelfs drie keer zoveel als in 2019.
( 3
min )
Bewoners uit de omgeving van Tata Steel starten een nieuwe rechtszaak tegen de provincie Noord-Holland. Zij vinden dat het provinciebestuur harder moet optreden tegen de vervuiling van de staalfabriek, meldt milieuorganisatie MOB.
( 3
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Werknemers in het onderwijs willen een hoger salaris. De onderwijsvakbonden hebben een ultimatum gesteld dat vrijdag afloopt. Wat is er aan de hand?
( 3
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Trends come and go but the latest craze to take Wall Street by storm is proving quite persistent. AI hype has been all the rage this year and stocks with exposure to generative AI and LLMs (large language models) have been reaping the benefits. So much so, that Wall Street’s best analyst thinks it’s time to change tune on many of them. Surveying the SemiCap space, Needham analyst Quinn Bolton is confronted by a plethora of names boasting lofty valuations with little room left to run from here. “
( 10
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New Vanguard data released Thursday shows that 401(k) balances plummeted in 2022, primarily due to the "decrease in equity and bond markets" over the year.
( 7
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(Bloomberg) -- Rivian Automotive Inc. is rapidly ramping up production of its electric SUV, which the company’s chief financial officer says is on track to overtake output of the startup’s plug-in pickup this quarter.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2
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(Bloomberg) -- Nikola Corp. founder Trevor Milton called for leadership change at the electric-truck maker and urged shareholders to vote against upcoming company-backed proposals in his first social-media posts in years.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedNYC’s Rent Surge Defied by New Grads Pur
( 7
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The U.S. economy boomed and now, it's time to bust, Deutsche Bank says. The investment bank sees 100% chance of U.S. recession this year. Here's why.
( 7
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(Bloomberg) -- The gravity-defying bull market is handing stock investors a fresh conundrum as an unusually big pile of options expires Friday: Chase gains via bullish derivatives or hedge with bearish bets?Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are
( 9
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Adobe Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker's efforts to drive up demand with generative artificial intelligence (AI) integrations paid off. Shares of the San Jose, California-based company rose more than 5% in aftermarket trading. Adobe's spree to boost AI innovation has been evident by AI features being introduced into Acrobat, Express, Photoshop and Premiere Pro.
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Legendary investor Warren Buffett, an ardent supporter of Apple Inc. stock, has highlighted the company’s exceptionally devoted customer base as a key factor in his admiration. According to Buffett, iPhone users display such unwavering brand loyalty that they would not permanently part ways with their phones even if offered $10,000. Don't Miss: Why Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Berkshire Hathaway Inc., the investment conglomerate Buffe
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If you have a CD that's about to mature, you need to tell the bank what you want done with your funds. If you don't, you may not like the results you get stuck with.
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The stock, rising in value toward $3 trillion, is one reason why the S&P 500 is up 15% so far this year. That makes the valuation worthy of a close look.
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Kevin Lansberry of Disney parks is appointed interim CFO effective July 1.
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Cava’s executive team—including the CEO, CFO, and chief concept officer—also have stakes now worth millions.
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Billionaire investor Charlie Munger has been vocal in expressing his concerns about U.S. healthcare, stating that it is "shot through with rampant waste" and has become "immoral." Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families Munger says there are substantial problems that need to be addressed, including the presence of unnecessary costs and inefficiencies that plague the medical field. Drawing a vivid analogy at a Daily Journal Annual
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The S&P 500’s recent rally has pushed the index’s valuation multiple higher.
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AT&T is yanking thousands back to the office. Some of its workers think that has nothing to do with productivity.
( 9
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(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic made multiple trades leading up to the central bank’s meeting last May, revealing additional transgressions of the central bank’s trading rules that have since been disclosed and are under investigation.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submari
( 7
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California would like to crack down on a type of trust that lets the very wealthy avoid state income and federal gift taxes. And the Golden State is not alone: A number of state officials have taken aim at the … Continue reading → The post California Takes Aim at Tax Loophole for State's Richest appeared first on SmartAsset Blog.
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Cecile de Jongh arranged visas for Epstein’s alleged victims and asked him for political donations, court filings show.
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Electric-vehicle maker Tesla is offering three months of supercharging on Model 3 sedans bought from existing inventory. That might signal weak demand, and investors should consider insurance.
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Nvidia Corp (NASDAQ: NVDA), Advanced Micro Devices, Inc (NASDAQ: AMD), and peers are trading lower Thursday amid reports of U.S. legislation eliminating Section 230 immunity for AI companies. The law would allow the prosecution of social media companies for claims based on emerging generative AI technology, Reuters reports. Republican Josh Hawley and Democrat Richard Blumenthal expected the bill to create an AI carve-out to Section 230, a law that shields internet companies from liability for th
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The Mediterranean-style restaurant chain’s shares nearly doubled from the IPO price.
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(Bloomberg) -- The relentless rally in equities faces a fresh threat over the next few weeks with the world’s biggest money managers set to unload as much as $150 billion of stocks.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedTrump Urges Pros
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(Bloomberg) -- Defying the odds, the world’s most important stock market has recouped all losses caused by the most disruptive monetary-tightening campaign in a generation. Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysSocial Security Benefits Targeted for Cuts by House ConservativesNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedTrump Urges Prosecutors
( 9
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(Bloomberg) -- First Quantum Minerals Ltd. recently rebuffed an informal takeover approach from Barrick Gold Corp., the world’s second-largest producer of the precious metal, as miners scour the globe for deals, people with knowledge of the matter said.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleSocial Security Benefits Targeted for Cuts by House ConservativesTrump Urges Prosecutors to Drop
( 8
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Shares of financial-services firm SoFi have more than doubled so far this year. Oppenheimer analyst Dominick Gabriele downgraded shares to Perform from Outperform.
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(Bloomberg) -- A Goldman Sachs Group Inc. partner agreed to pay several million dollars to a woman to resolve a complaint so sensitive it was handled at the highest levels of the firm.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleSocial Security Benefits Targeted for Cuts by House ConservativesTrump Urges Prosecutors to Drop Case, Offers Defense PreviewElizabeth Holmes Objects to $250-a-Month
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The move comes after a brutal month for the big-box retailer.
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Vladimir Putin has signed a secret decree to seize the assets of Western companies and make it harder for them to leave Russia.
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Freeport stands to gain from the move to alternative energy—and it has the strongest balance sheet of any copper miner.
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Evercore ISI strategist Julian Emanuel looked for stocks “the last buyers have yet to buy.” High short interest is one factor.
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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
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I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.
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min )
Wondering how your retirement savings stack up to other Americans' nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It's normal to be curious about the average retirement income in the U.S. … Continue reading → The post What Is the Average Retirement Income? appeared first on SmartAsset Blog.
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How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.
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Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.
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Unless you're extremely rich or poor, you probably think of yourself as being part of the "middle class." As you're probably aware, "middle class" is an income level that describes people whose annual income is directly in the middle 50% … Continue reading → The post What Is Middle Class Income in the U.S.? appeared first on SmartAsset Blog.
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The electric-vehicle maker's streak was snapped at 13 consecutive days on Wednesday. Still, shares are up about 40% over the past 14 trading sessions.
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The U.S. airline’s stock climbed for a record 14th day Wednesday as optimism over a bumper summer travel season continued to rise.
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Federal Reserve Chairman Jerome Powell dashes hopes for any rate cuts in the foreseeable future.
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XPeng is the first company to roll out an advanced driver-assistance system in Beijing after it was approved for use on major ring roads and expressways in the capital city.
( 22
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Jason Jiang watched his brokerage account in awe this summer as shares of Nvidia soared.
The 18-year-old-college student says he’s been stashing away cash in [big tech stocks](https://www.wsj.c
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Fiscal first-quarter profit at the grocer beats analysts' expectations but sales miss slightly.
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The resumption of the payout reflects Delta's progress on its three-year financial plan, the company said. The move comes as Delta forecast that strong summer travel demand will result in higher-than-expected profit for the quarter through June.
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↗️ JD.com (JD), Alibaba (BABA), Baidu (BIDU): Shares in the three Chinese tech companies all rose more than 4% in Asia after China's central bank [cu
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Federal Reserve Chairman Jerome Powell dashes hopes for any rate cuts in the foreseeable future.
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(Bloomberg) -- Venezuela, the beleaguered oil giant that’s become South America’s poorest nation, sees an economic lifeline beneath the warm and cerulean waters of the Caribbean.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, Anticipat
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The Supreme Court is set to consider whether income must received, or realized, before it can be taxed—with far-reaching implications for current and proposed tax laws.
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Lennar's earnings and revenue top expectations, XPeng gets approval for assisted-driving technology in Beijing, and Adobe reports earnings Thursday.
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It’s the first company to roll out an advanced driver-assistance system (ADAS) in Beijing, after it was approved for use on major ring roads and expressways in the capital city.
( 22
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Saudi Arabia’s move to reduce crude output was designed to prop up global oil markets. The past week has shown how difficult that will be.
**Prices have fallen in four of the past five s
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Freeport stands to gain from the move to alternative energy—and it has the strongest balance sheet of any copper miner.
( 22
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The stock has soared on news about the company's plans for generative artificial intelligence. The status of its deal for Figma is another point to watch.
( 22
min )
(Bloomberg) -- Applied Materials Inc. is suing a Chinese-owned rival over what it says was a 14-month effort to steal some of its most valuable secrets, allegedly including an orchestrated employee-poaching spree and surreptitious transfers of semiconductor equipment designs.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Ren
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Higher-than-expected production and concern about slowing demand have been weighing on crude.
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A higher difficulty reading indicates it is more competitive to mine Bitcoin, reducing profit. The network’s hashrate also increased to a record high.
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For traders who want a mix of technical analysis with their own control in decisions, price action trading offers the perfect fit. Here's how it works.
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An email money transfer (EMT) is a banking service offered to Canadian residents that allows users to transfer funds between accounts using email and their online banking service.
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Market anomalies are mysterious and often unpredictable. These seven tradeable market anomalies may work in a savvy investor's favor.
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min )
Some high-yield checking accounts offer ultra-high interest rates if you jump through hoops every month. But given today's high savings rates, it may not be worth it.
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If you have a CD that's about to mature, you need to tell the bank what you want done with your funds. If you don't, you may not like the results you get stuck with.
( 18
min )
A personal financial advisor is a professional who provides financial advice and services to clients according to their specific needs.
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The Maldivian rufiyaa (MVR) is the national currency of the Republic of the Maldives.
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min )
Gross profit, operating profit, and net income are located on a company's income statement, and the order in which they appear shows their relationship.
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These funds are a relatively new product to most investors, but they could be what you need for increased returns.
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Investors' enthusiasm for tech stocks and optimism that the Fed will slow rate hikes lifts markets.
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A liability-driven investment involve assets that are intended to provide the cash flow to pay a financial obligation, such as that of pension funds to their retirees.
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Shares of Mediterranean fast-casual restaurant chain CAVA skyrocketed in their first day of trading on the NYSE.
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Kroger sales missed estimates, and its outlook was at the low end of expectations as customers watched how much they spend.
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A distributed ledger is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies.
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Assets under management (AUM) is the total market value of the investments that a person (portfolio manager) or entity (investment company, financial institution) handles on behalf of investors.
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The standoff earlier this month could have quickly changed economic conditions, potentially leading the Fed in a different direction on interest rates.
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Learn about this type of Roth conversion from a 401(k) and why the House-passed Build Back Better Bill wants to limit—and eventually end—this option.
( 24
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LGBTQ+ people often face discrimination that creates barriers to accessing credit and having a high credit score, which can make it more difficult to achieve financial stability and build savings and wealth.
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For federal student loan borrowers facing the resumption of payments in October, today’s high interest rates present an opportunity: if you have extra money, should you pay down your loan faster, or would it be better to put it into a certificate of deposit or similar fixed income investment?
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U.S. equities advanced at midday on June 15, 2023 as tech stocks climbed after the Fed paused rate hikes.
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Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.
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Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
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With 10 interest rate hikes since March 2022, savings rates have risen dramatically. Have they peaked or can they keep rising?
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Custodial accounts have special tax benefits and allow you to build savings for a beneficiary. Learn how much they cost and if they might be a wise strategy for you.
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CFOs have a more pessimistic view of the North American economy in Q2 2023 than they did in Q1, according to a survey by Deloitte.
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You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
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Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
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The European Central Bank raised interest rates to the highest level in 22 years to curb inflation a day after the Federal Reserve decided to pause hikes.
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The average rate for a new purchase 30-year fixed mortgage was back up on Wednesday, sitting at 7.13%, 6 basis points higher than Tuesday, and in line with where it was June 1.
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A history of the Rothschilds, a prominent German family that established banking and finance houses in Europe.
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The producer price index is a monthly measure of change in the prices received by domestic producers.
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Savers contemplating whether to choose a CD or a savings account should consider whether a fixed interest rate or a variable interest rate, plus other factors, is right for them.
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The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.
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The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.
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Tier 1 capital and tier 2 capital are types of assets that banks hold. Banks must hold adequate amounts of different types of capital at any given time. Learn more.
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De Nederlandse productie van zonnestroom is in 2022 opnieuw enorm toegenomen. We haalden 46 procent meer elektriciteit uit zonlicht dan een jaar eerder, en zelfs drie keer zoveel als in 2019.
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Investeringsmaatschappij Verlinvest wil chocoladefabrikant Tony's Chocolonely overnemen. De Belgische investeerder is in handen van de familie De Spoelberch, die groot is geworden met bierbrouwer AB InBev. Hoeveel geld met de deal is gemoeid, is niet duidelijk.
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De leden van de vakbonden hebben donderdag ingestemd met het onderhandelingsresultaat tussen VDL en de bonden voor een sociaal plan bij autofabriek Nedcar in Born. Er komt een ontslagvergoeding, maar het personeel moet ook overwerken om de productieachterstand in te lopen.
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KLM en andere luchtvaartmaatschappijen hebben een alternatief plan ingediend om de overlast van vliegtuigen rondom Schiphol te verminderen. Ze willen de geluidsoverlast voor omwonenden terugdringen door nieuwe, stillere toestellen in te kopen.
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De leden van de vakbonden hebben donderdag ingestemd met het onderhandelingsresultaat tussen VDL en de bonden voor een sociaal plan bij autofabriek Nedcar in Born. Er komt een ontslagvergoeding, maar er moet ook overgewerkt worden om de productie in te lopen.
( 4
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De rente van de Europese Centrale Bank gaat voor de achtste keer op rij omhoog en komt daarmee uit op 3,5 procent. Zo hoopt de ECB de inflatie onder de duim te krijgen. De Amerikaanse centrale bankenkoepel heeft uit angst voor een recessie de rentestijgingen juist gepauzeerd.
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Investeringsmaatschappij Verlinvest wil chocoladefabrikant Tony's Chocolonely volledig overnemen. De Belgische investeerder is in handen van de familie De Spoelberch, die groot is geworden met bierbrouwer AB InBev. Hoeveel geld met de overname is gemoeid, is niet duidelijk.
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min )
Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de zesde aflevering kijken ze naar hoe het misging bij Phillips. Dit is de een-na-laatste aflevering van deze serie.
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De Nederlandse programmeur Bram van der K. gaat 2,5 jaar de cel in vanwege zijn betrokkenheid bij Megaupload, een website waarop bestanden gedeeld konden worden. De slepende zaak in Nieuw-Zeeland duurde elf jaar.
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Het Europees Parlement wil misbruik van spionagesoftware strenger aan banden leggen. De leden roepen op tot beter onderzoek naar spywareprogramma's zoals Pegasus, zodat de veiligheid van burgers beter wordt beschermd. Ook moeten er duidelijke afspraken komen over de programma's en mogen lidstaten er geen misbruik van maken.
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Trustkantoor TMF heeft een boete van ruim 3 miljoen euro opgelegd gekregen. Het kantoor is weer in de fout gegaan met een slecht uitgevoerd onderzoek naar klanten. TMF moet beter op de geldstromen van zijn cliënten letten om witwaspraktijken en financiering van terrorisme te voorkomen.
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De rente van de Europese Centrale Bank gaat voor de achtste keer op rij omhoog en bereikt daarmee 3,5 procent. Zo hoopt de ECB de inflatie onder de duim te krijgen. De Amerikaanse centrale bankenkoepel heeft op dezelfde dag juist een pauze aangekondigd van de rentestijgingen, uit angst voor een recessie.
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In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar Zweden was daar vorige maand een uitzondering op. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.
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In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar Zweden was daar vorige maand een uitzondering op. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.
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De bitcoin is voor het eerst in drie maanden gezakt tot onder de 25.000 dollar. Enkele uren nadat de Amerikaanse centrale bank had aangekondigd de renteverhoging tijdelijk te pauzeren, kelderde de grootste cryptomunt naar 24.800 dollar.
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In bijna alle Europese landen stijgen de prijzen steeds minder hard. Maar in Zweden ging dat vorige maand minder hard dan verwacht. Economen wijzen een opmerkelijke schuldige aan: Beyoncé.
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De Britse pubketen Fuller's heeft een deel van het personeelstekort opgelost door meer mensen aan te nemen die ouder zijn dan vijftig of niet eerder in de horeca hebben gewerkt.
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Er trekken de laatste jaren veel miljonairs weg uit het Verenigd Koninkrijk. Vorig jaar verlieten zestienhonderd van hen het land, dit jaar verdubbelt dat aantal waarschijnlijk. Dat komt grotendeels door de Brexit.
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Zeventien muziekuitgevers slepen Twitter voor de rechter. Ze eisen omgerekend ruim 230 miljoen euro van het bedrijf van Elon Musk. Op het platform zijn zeker zeventienhonderd liedjes onrechtmatig gedeeld.
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De Europese Unie moet de uitstoot van broeikasgassen in 2040 met 90 à 95 procent hebben teruggedrongen ten opzichte van het niveau van 1990. Alleen zo kan de EU zich houden aan de internationale klimaatafspraken en haar "eerlijke bijdrage" leveren in de wereldwijde strijd tegen klimaatverandering, stelt een belangrijke adviseur van de Europese Commissie.
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De werkloosheid in Nederland blijft laag. Hoewel het aantal mensen zonder baan in mei licht is toegenomen tot 3,5 procent, is de arbeidsmarkt nog steeds erg krap.
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Twitter has still not paid rent on its office spaces, and Elon Musk told an advisor he would pay rent "over his dead body," according to a lawsuit.
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Republicans have been clamoring to rescind billions of dollars in additional funding provided for the Internal Revenue Service as part of last year’s Inflation Reduction Act. They succeeded to an extent as part of the recent deal between House Speaker Kevin McCarthy and President Joe Biden to raise the debt limit, which also clawed back $21.4 billion from the tax agency. A new study suggests that deal could be costly. Researchers at the Treasury Department, Harvard University and The University
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The Nasdaq is even more extended despite a hawkish Fed outlook.
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Year-to-date, the S&P 500 has delivered an impressive return of 14%. However, those gains are a bit deceiving as the bulk of the upside has been driven by only a few selected stocks, namely the tech Mega Caps (AAPL, MSFT, NVDA, META, AMZN). If we exclude those five stocks, the index has only advanced by 5%. While one could argue that the market is due for a cooling down period after such a rally, Goldman Sachs Chief U.S. Equity Strategist David Kostin suggests otherwise, citing past evidence. “P
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The Fed hit the brakes on its rate-hiking cycle at Wednesday's meeting. Discover the implications for money market accounts.
( 17
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(Bloomberg) -- Fast-casual restaurant chain Cava Group Inc. exceeded its target by raising $318 million in an initial public offering, the biggest listing on a US exchange in six weeks.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, An
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min )
“There will be banks that have concentrations, and those banks will experience larger losses,” Powell told reporters on Wednesday.
( 7
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(Bloomberg) -- DoubleLine Capital’s Jeffrey Gundlach doesn’t believe the Federal Reserve will continue to raise interest rates anytime soon despite Fed Chair Jerome Powell signaling the resumption of monetary tightening. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok Lifestyle
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Rates on bank accounts and CDs have already surged to their highest level in almost 16 years, and may rise further, giving you many options to earn 5% or more on your cash.
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min )
(Bloomberg) -- Tesla Inc. shares snapped their record-setting 13-day winning streak Wednesday, as a hawkish stance from the Federal Reserve and market technicals took some steam off the rally. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit
( 7
min )
The data showing that remote workers spend fewer hours working, less productively, is really starting to add up.
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The Federal Reserve neither raised nor lowered its benchmark interest rate Wednesday meeting—putting neither upward nor downward pressure on the rates banks offer on certificates of deposit.
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'The bears may have the upper hand right now,' says Alex Kuptsikevich, an analyst at FXPro.
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Jurors in a federal court in New Jersey have awarded $25.6 million to a former regional Starbucks manager who alleged that she and other white employees were unfairly punished by the coffee chain after the high-profile 2018 arrests of two Black men at one of the chain's Philadelphia locations. Shannon Phillips won $600,000 in compensatory damages and $25 million in punitive damages on Monday after an eight-member jury decided after five hours of deliberation that race was a determinative factor in Phillips' firing, in violation of federal and state anti-discrimination laws, Law360 reports. In April 2018, a Philadelphia store manager called police on two Black men who were sitting in the coffee shop without ordering anything.
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Adding generative AI into Meta's universe will lead people to spend more time on the apps, an analyst says.
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The Federal Reserve has paused its most aggressive round of interest rate rises since the 1980s.
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We are a dual-income couple in our mid-50s with over $2 million in our 401(k)s. Should we "sacrifice" the pre-tax benefit and switch to Roth contributions at work? -Wendy Like most tax-related questions, the answer is "it depends." Based on … Continue reading → The post Ask an Advisor: We're in Our Mid-50s and Have $2 Million in Our 401(k)s. Should We Pivot to Roth Contributions? appeared first on SmartAsset Blog.
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The founder said Bitcoin could eventually make up 80% of the crypto market.
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A boycott has made the beer's sales sink. Still, an analyst argues that the stock of AB InBev, which owns the Bud Light brand, has dropped too far.
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Positioning and expectations explain why the Binance case drove prices down but markets rebounded after Coinbase.
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Shares of the fintech have gained more than 100% this year. BTIG says the stock has more room to run.
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Berkshire Hathaway Inc., led by CEO Warren Buffett and Vice Chairman Charlie Munger, is a compound interest machine, achieving a return of about 2 million percent on its initial value — equivalent to a 20,000 to 1 ratio. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families The men accomplished this feat was accomplished by astutely investing the company’s capital in a variety of businesses, all while exercising caution in borrowing. Having wi
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Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a modest 2% ownership of the company’s outstanding equity, equivalent to approximately 18 million shares. Dorsey's pre-tax earnings from the Twitter sale amounted to $978 million. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families The true source o
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(Bloomberg) -- It’s time to exit the “cash trap” of money market funds and move into bonds as the Federal Reserve is set to pause its rate-hike campaign and then cut as soon as September, according to Wall Street veteran Bob Michele.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyTrump Urges Prosecutors to Drop Case, Offers Defense PreviewKen Griffin Ramps Up Credit Bets, Anticipating US Reces
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Everyone is always on the lookout for the best possible deal – that applies to all walks of life, be it at the supermarket, the top echelons of sport, or the investing world. That said, finding the best deal in the stock market could be a complex endeavor because, while it is probably easy to find equities priced in a low range, there might be a good reason why said names are going for cheap. Therefore, a little help in discerning which stocks are just not worth the time of day and which ones ar
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My wife and I are both 65 years old. She will retire this year and I'll work until I'm 67. We'll get about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 per … Continue reading → The post Ask an Advisor: We're 65, Have $1 Million Saved and $42K in Social Security Benefits. Can We Live on $90K Per Year? appeared first on SmartAsset Blog.
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Retirees can now earn money for life by giving some of their IRA savings to charity.
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(Bloomberg) -- Charles Schwab Corp. expects its revenue to slide as much as 11% in the second quarter compared to a year earlier, the company’s Chief Financial Officer Peter Crawford said in a statement Wednesday.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyTrump Urges Prosecutors to Drop Case, Offers Defense PreviewKen Griffin Ramps Up Credit Bets, Anticipating US RecessionPutin’s Economic
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Yale's Sonnenfeld and Tian retrace presidential hopeful Vivek Ramaswamy's business record.
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Healthcare stocks are having a chaotic morning on expectations that seniors are seeking out elective medical care in greater numbers after a post-pandemic lull.
Health insurers that pay for care are down, while providers are rising. Here’s what you need to know.
UnitedHealth Group executives sai
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When you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some great discounts. But no matter your age, you don't get … Continue reading → The post Do Seniors Ever Stop Filing Taxes? appeared first on SmartAsset Blog.
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Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.
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Some people who already receive Social Security benefits are automatically enrolled in Medicare when they turn 65. That's not the case for everyone, though. People who haven't started collecting Social Security will need to register for Medicare, but signing up … Continue reading → The post Are You Automatically Enrolled in Medicare at Age 65? appeared first on SmartAsset Blog.
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U.S. producer prices fell more than expected in May and the annual increase in producer inflation was the smallest in nearly 2-1/2 years, strengthening the case for the Federal Reserve to skip raising interest rates on Wednesday. The producer price index for final demand dropped 0.3% last month on lower energy costs after rising by an unrevised 0.2% in April, the Labor Department said on Wednesday. In the 12 months through May, the PPI climbed 1.1%.
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Citi analyst Jeff Chung thinks something good is about to happen at the Chinese electric-vehicle maker.
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'More seniors are just more comfortable accessing services for things that they might have pushed off a bit like knees and hips,' the health insurer says.
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The electric-vehicle company hiked the tags of its Model Y crossover, further reversing the trend of this year’s dramatic price cuts across the sector.
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The computer peripherals maker announced that CEO Bracken Darrell is stepping down to “pursue another opportunity.”
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The Fed will decide whether to raise interest rates for an eleventh time amid ongoing inflation and some concerns about a possible recession.
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The biggest European oil company is boosting distributions to 30% to 40% of cash flow, compared with current rates of 20% to 30%.
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↘️ UnitedHealth (UNH), Humana (HUM), Assurant (AIZ): Health insurers’ shares fell in offhours trading. The possible culprit: UnitedHealth’s financ
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Bitcoin maximalist Michael Saylor has said recent enforcement actions by U.S. regulators have made it clear that the crypto industry is destined to be rationalised down to a bitcoin (BTC)-focused industry.
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(Bloomberg) -- Ken Griffin, whose hedge fund churned out a record $16 billion for clients last year, is increasing his focus on credit trading as he braces for a potential US recession.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Million to Be Cons
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The chip maker's big product launch may have left investors feeling uninspired but it can still challenge Nvidia, according to one analyst.
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Advanced Micro Devices launches a new AI chip to challenge Nvidia's dominance in the space, Nvidia closes with a market cap above $1 trillion, Tesla finishes higher for a record 13th consecutive session, and Logitech's CEO is resigning.
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(Bloomberg) -- Global oil demand growth will taper off over the next few years as high prices and Russia’s invasion of Ukraine speed up the transition away from fossil fuels, the International Energy Agency said. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They
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Nasdaq is dropping Rivian because it shrunk too much.
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(Bloomberg) -- Shell Plc will increase its dividend 15% and boost natural gas production as new Chief Executive Officer Wael Sawan refocuses on the fossil fuels that drove record profits last year.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Millio
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Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: Initiation at Affirm, downgrades at Ballard Power Systems, Catalent, and California Water Service. BTIG initiated coverage on Affirm (NASDAQ:AFRM) with a Sell rating and a price target of $10.00. While noting that Affirm is a leading buy-now-pay-later operator which has exhibited strong gross merchandise volume growth since its IPO, BTIG said that the company’s business model is under pressure as we enter a new stage in the macro environment where discretionary spend is tightening quickly.
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Many investors are aggressively buying call options right now. Think of it as the equivalent of them holding their noses and buying stocks.
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Prices of XRP, which powers some of Ripple Labs’ payment services, reversed gains that followed the release of internal SEC documents related to the lawsuit against Ripple.
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The Fed hit the brakes on its rate-hiking cycle at Wednesday's meeting. Discover the implications for money market accounts.
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A corporation is a legal entity that is separate and distinct from its owners and has many of the same rights and responsibilities as individuals.
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Financial therapy merges finance with emotional support to help people cope with financial stress.
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Cashier's checks and certified checks are both official bank-issued payments that offer more security than personal checks, but one may be safer.
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Central banks use various methods to change the money supply, such as adjusting reserve requirements, changing interest rates, and adjusting the fed funds rate.
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A triple net lease (NNN) helps landlords reduce the risk in a commercial lease. Additional types of commercial leases include single net leases (N) and double net leases (NN).
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Markets ended mixed on forecast the Fed may pause rate increases, and declines in healthcare stocks.
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The Dow fell 230 points after the Fed holds rates steady, but hints more rate hikes to come
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UnitedHealth shares tumbled after warning that more seniors are choosing to have elective surgeries, driving up costs.
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The International Energy Agency says global oil demand could peak by 2028.
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A Regional Check Processing Center (RCPC) is a local Federal Reserve facility where checks that are drawn on depository institutions are processed overnight.
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Early withdrawals from an IRA trigger taxes and a 10% penalty. But sometimes, early distributions are tax free and penalty free.
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The Fed funds rate was untouched this month, putting neither upward nor downward pressure on the rates banks offer on high-yield savings accounts.
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VantageScore is a consumer credit rating product similar to the FICO score. It is used by many creditors to assess the risk of lending money to a potential borrower.
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Lenders can charge utilization fees when borrowers use more than a certain percentage of their available credit on a revolving line or term loan.
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Deficit net worth occurs when an individual or a company's total liabilities exceed their total assets.
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The Uniform Consumer Credit Code (UCCC) provides guidelines for laws related to the all types of credit products. It has been enacted by 11 states.
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A hard inquiry is a type of credit information request that includes a borrower’s full credit report and deducts points from a borrower’s credit score.
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Whether you need life insurance in retirement depends on how much debt you have, your inheritance goals, and if you have dependents who still rely on you.
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The Federal Reserve neither raised nor lowered its benchmark interest rate Wednesday meeting—put neither upward nor downward pressure on the rates banks offer on certificates of deposit.
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The American Customer Satisfaction Index (ACSI) is an economic indicator based on a survey of U.S. consumers about products and services they use.
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In a widely expected move, the central bank held the fed funds rate unchanged Wednesday.
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A customer is a person or business that purchases the goods or services of another business. Learn how companies study customers and the importance of customer service.
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Learn more about Investopedia's Financial Review Board, who’s on it, and how articles on Investopedia are reviewed.
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The largest carmaker in the world is also one of the largest companies across any industry. Here is how Toyota makes money.
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Fibonacci extensions are a method of technical analysis commonly used to aid in placing profit targets.
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In the financial world, risk management is the process of identification, analysis, and acceptance or mitigation of uncertainty in investment decisions.
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U.S. equities were mixed midday on June 14, 2023 following moves by stocks in the healthcare sector, and ahead of the Fed's decision on interest rates.
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Producer prices fell more than economists expected in May as gasoline costs declined.
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Dark pools of liquidity allow big investors to trade away from the public eye. They limit market impact but may leave small investors in the cold.
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Vodafone and CK Hutchison said they would merge their U.K. mobile phone businesses.
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Top CD rates range from 4.68% to 5.35% APY—higher than they've been in years. If you're getting a tax refund, investing in a top CD could lock in a high rate for a long time.
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U.S. commercial office property faces an array of problems, meaning more pain lies ahead for a market that already has lost a third to half of its value.
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Section 1231 refers to the tax on a gain from the sale of a depreciable business property that has been held for over a year.
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Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.
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Money market accounts offer high interest rates for savers right now, but with the Fed expected to pause rate hikes today, it might be a better time to consider a CD.
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These are the financial stocks with the best value, fastest growth and most momentum for June.
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Opening a CD should be decided based on when you'll need the money and whether you think interest rates will rise or fall in the future.
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A gearing ratio measures a company's financial leverage. Although gearing ratios vary by industry, there are some guidelines for what's a good, bad, or normal gearing ratio.
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A home inspection is an examination of the condition and safety of a piece of real estate, often conducted when the home is being sold.
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Experts say businesses have a lot of options for storing their money safely—and they don’t necessarily involve stashing their cash with “too-big-to-fail” megabanks.
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The Roaring Twenties saw an abrupt end in 1929 when the stock market crashed, fueling the Great Depression and sparking a nearly 90% loss in the Dow.
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Working capital is the amount of money a company has available to pay its short-term expenses. Cash flow is the amount of money going in and out of the company.
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Wholesale banking includes banking services such as currency conversion and large trade transactions between investment banks and other large institutions.
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Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.
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A demand draft is a method used by individuals to make transfer payments from one bank account to another.
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Roth IRAs can be useful vehicles for FIRE planning. In this guide, we’ll explain why and how to use them.
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De gemiddelde prijs van een recreatiewoning steeg afgelopen jaar met 25 procent tot bijna 223.000 euro. Met name huizen in de buurt van water zijn gewild en drijven de gemiddelde prijs op.
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De Amerikaanse Federal Reserve (Fed) maakt even pas op de plaats met het verhogen van de rente in de strijd tegen de inflatie. De Amerikaanse centralebankenkoepel had daarvoor tien keer op rij de rente verhoogd. Mogelijk kan er wel een verdere renteverhoging in juli komen.
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De prijs van gas schoot de afgelopen weken in korte tijd flink de hoogte in. Begin deze maand kostte een megawattuur nog 23 euro, inmiddels wordt bijna de 40 euro aangetikt. Hoe kan dat? En wat betekent het voor je energierekening?
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De kinderbijslag gaat de komende kwartalen omlaag. Het gaat om een bedrag van 8 tot 11,50 euro per kind per kwartaal.
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In Google Maps zijn vernieuwde 3D-beelden te zien van Amsterdam. Dat moet ervoor zorgen dat de stad een stuk realistischer oogt in de app.
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Rusland heeft in december de export van olie naar Noord-Korea hervat. Dat blijkt uit gegevens van de Verenigde Naties. Het gaat om de eerste leveringen sinds 2020. De twee landen zijn bezig de banden aan te halen sinds de Russische invasie van Oekraïne.
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Elektronicaketen BCC wil verder met kleinere winkels met minder assortiment. Ook is afgelopen maand een kwart van de 190 medewerkers op het hoofdkantoor ontslagen. Dit moet helpen om weer winst te behalen.
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De Europese Commissie verdenkt Google ervan zijn macht op de online reclamemarkt te misbruiken. Het Amerikaanse bedrijf moet vrezen voor een boete die tot in de miljarden euro's kan oplopen.
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De Turkse president Recep Tayyip Erdogan blijft vasthouden aan zijn bekritiseerde monetaire beleid om de rente laag te houden. "Mensen moeten niet de misvatting hebben dat de president op weg is naar een serieuze verandering in het rentebeleid. Ik ben hetzelfde."
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De torenhoge aardgasprijs zorgde er vorig jaar voor dat ook de prijs van elektriciteit recordhoogtes bereikte. Tegelijk zorgden goedkope zonne- en windstroom soms juist voor bodemprijzen. Dit jaar was de stroomprijs op de groothandelsmarkt al 125 uur negatief: wie stroom wilde inkopen, kreeg geld toe. Hoe kan dat?
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De waarde van de Russische roebel is gezakt naar het laagste punt sinds april vorig jaar. Voor een dollar moet je nu 84,46 roebel neerleggen. De munt daalde onder meer doordat olie minder duur is geworden.
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Shell gaat kosten besparen, eigen aandelen inkopen en meer dividend uitkeren aan zijn aandeelhouders. Dat alles moet ertoe leiden dat de aandeelhouders blijer zijn met het bedrijf.
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Zweden hoopt dit najaar te kunnen zeggen wie er achter de explosies zat van de Nord Stream-gasleidingen. Dat heeft de leider van het onderzoeksteam gezegd in een interview met de Zweedse radio.
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Shell gaat kosten besparen, eigen aandelen inkopen en meer dividend uitkeren aan zijn aandeelhouders. Dat alles moet ertoe leiden dat de aandeelhouders blijer zijn met het bedrijf.
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Ahold Delhaize, het moederbedrijf van supermarktketens Albert Heijn en Delhaize, verdient steeds meer geld met andere activiteiten dan het verkopen van boodschappen. Advertentieverkoop op de eigen sites en het doorverkopen van data over consumentengedrag moeten in 2025 zo'n 1 miljard euro in het laatje brengen.
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De NS heeft bij toezichthouder ACM een aanvraag ingediend om ook na 2025 internationale treinen te blijven rijden. Dat was nodig, want wie na dat jaar treinen wil laten rijden naar bijvoorbeeld Parijs of Londen, moest dat voor vandaag laten weten.
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De prijsstijging van de basisboodschappen lijkt ten einde. In de afgelopen twee jaar werd een kar gevuld met 55 zogenoemde basisproducten 30 procent duurder. In de eerste maanden van dit jaar werd dezelfde kar al een paar keer iets voordeliger. Dat blijkt uit cijfers van marktonderzoeker GfK die NU.nl opvroeg.
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The investing game can appear complicated as there are many issues to consider before leaning into a stock: Is the time right to load up? Are the shares overvalued? Will a beaten-down stock ever recover? All of these concerns are valid, but there are ways to simplify the process, such as examining insiders’ actions. By insiders, we refer to corporate officers who operate “on the inside” and are responsible for the performance of the companies they work for. After all, they have knowledge not ava
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Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.
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Young workers and their efforts to redefine what success looks like will significantly transform how companies retain and develop talent.
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Understand more about The Coca-Cola Company and PepsiCo. Learn about the key similarities and differences that have made both companies good investments for years.
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"Commercial real estate has come under pressure" says Goldman Sachs CEO David Solomon.
( 8
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A preliminary report by the U.S. Chemical Safety and Hazard Investigation Board suggests that supervisors at the Ohio BP-Husky refinery continued to run the plant despite several malfunctions and a petroleum spill hours before an accident that killed two workers last year. The report, posted following The Wall Street Journal article about the preliminary findings, says that a morning valve failure resulted in a large spill of highly flammable naphtha in September 2022. Thus managers had to shut
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I recently attended a retirement seminar at a local community college where the instructor talked about potentially higher tax rates in retirement due to the new RMD age. I have been under the impression throughout my saving career that tax … Continue reading → The post Ask an Advisor: How Can Tax Rates Be Higher in Retirement Than Your Earning Years? appeared first on SmartAsset Blog.
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The hydrogen fuel cell name issued upbeat 2023 sales guidance
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(Bloomberg) -- The US plans to purchase about 12 million barrels of oil this year as it begins to refill its depleted emergency reserve amid falling crude prices, according to two people familiar with the matter. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesArm Courts Intel as Anchor Investor in Upcoming IPOPutin’s Economic Forum Pu
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The May inflation rate was 4%, below top CD rates at terms ranging from 6 months to 5 years. The best-paying CDs could help to mitigate the impact of inflation on your savings.
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Warren Buffett — the Oracle of Omaha — is widely regarded as one of the greatest investors of all time. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families Berkshire Hathaway Inc. (NYSE: BRK-A) has returned tens of thousands of percent over the years and consistently outperforms the market. Buffett purchased the company for just $8.3 million in 1965, and it’s now valued at nearly $700 billion, roughly a 10 million percent return. But one of
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If the stock hits $190.734, the company will notch a historic $3 trillion market value.
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Toyota Motor Corp. has announced plans to roll out a new line of solid-state batteries that will give its electric vehicles (EVs) a longer range and trim production costs.
( 8
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The U.S. Department of Defense announced a new $2.1 billion security assistance package for Ukraine. The package includes funding for additional munitions for Patriot air defense systems, HAWK air defense systems and missiles, Puma unmanned aerial systems, laser-guided rocket system munitions, 105 mm and 203 mm artillery rounds as well as support for training and maintenance. The new funding is being provided under the Ukraine Security Assistance Initiative (USAI). “This USAI package illustrates
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ZIM Integrated Shipping Services, Nikola Corp, and CIRCOR International lead for value, growth, and momentum, respectively
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The increase in Tesla's market capitalization over the past 13 days is getting very close to the entire market cap of Toyota.
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Oracle shares soar on AI buzz, lifting Ellison’s net worth.
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(Bloomberg) -- US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The details offer signs it might become a full stop.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files for BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesArm Courts Intel as Anchor Investor in Upcoming IPOPutin’s Economic Forum Puts Russia’s Isolation o
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Tyson Foods will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker's Arkansas headquarters, eliminating about 46% of the total staff from two offices, the company confirmed on Tuesday. Employees have resisted a decision to consolidate corporate offices, which Tyson announced in October, as the company grapples with high costs for cattle and easing demand for meat from cash-strapped consumers. Tyson will eliminate 177 employees from an office in downtown Chicago and 51 employees in suburban Downers Grove, Illinois, starting on July 31, according to the state.
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With the S&P 500 rising more than 20% from its lows in October 2022, the benchmark index is now officially in a bull market. But according to Barry Knapp, managing partner at Ironsides Macroeconomics, danger could be looming in the distance. The macro expert is concerned about a recession. “The probability of a recession is much higher in mid-2023 than it was in 1994,” Knapp said in a recent CNBC interview. Knapp drew the comparison with 1994 because that’s when the Federal Reserve had another a
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Softbank-backed Zume looks to sell off its assets.
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Ryan Cohen's investment vehicle now owns 36.8 million GameStop shares for a 12.1% stake.
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How do you manage risk when no one agrees on what the risks will be? Markets are rising right now, but today’s higher interest rates threaten a credit crunch, among other things, which could dampen the positive sentiment. The inflation numbers from May, just 4% annualized, were better than expected, which could justify the Fed dialing back its monetary tightening – but we don’t know if that will happen in time. In short, optimistic sentiment collides with unpredictable conditions. The uncertain
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Apple downgraded, Oracle upgraded: Wall Street's top analyst calls
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The company's board last week ousted Matt Furlong, a former Amazon.com executive who was handpicked to lead the largely brick-and-mortar operations company's online expansion, fanning concerns about the videogame retailer's ailing business. Furlong's exit came as the company struggles to turn a corner after it posted a bigger-than-expected loss for the latest three months and missed revenue expectations, with net sales falling for a fourth straight quarter last week.
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The Dallas Mavericks owner says consumers want to do business with companies that care about their customers.
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It probably is possible for most people to retire at age 55 if they have $2.5 million in savings. The ultimate answer, though, will depend on the interplay between various factors. These include your health, your anticipated retirement lifestyle and … Continue reading → The post Can I Retire at 55 With $2.5 Million? appeared first on SmartAsset Blog.
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When making an estate plan, using a trust is a way to make passing assets - including both cash and physical assets - a bit easier. In fact, when using a trust, you can often allow your family to avoid … Continue reading → The post Do You Have to Pay Taxes on a Trust Inheritance? appeared first on SmartAsset Blog.
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U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The Consumer Price Index (CPI) increased 0.1% last month as gasoline prices fell, the Labor Department said on Tuesday. The CPI gained 0.4% in April.
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Nearly half of retailers increased their loss prevention budgets in 2022, according to a recent survey.
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Oracle stuck to its forecast of $65 billion in sales by 2026, but CEO Safra Catz says AI demand leaves the software company 'significant upside.'
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min )
Hinman suggested in his 2018 speech that bitcoin (BTC) and ether (ETH) were not securities, in his view.
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Grain trader Bunge agreed to acquire Glencore-backed Viterra for $8.2 billion in a deal that would create one of the world’s largest agricultural companies.
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Remote work has allowed skilled workers to mobilize and capitalize on the benefits of different areas of the U.S. After all, a $100,000 salary is worth far more in a place like Memphis than high-cost cities like New York and … Continue reading → The post Climbing the Income Ladder: How Taxes Impact Different Salaries – 2023 Study appeared first on SmartAsset Blog.
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SoftBank-backed Arm is in talks with Intel as a potential strategic investor to anchor one of the year’s biggest initial public offerings, reports say.
( 25
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(Bloomberg) -- China is ramping up policy stimulus to help boost its faltering economy, although soaring debt levels and concerns about financial stability mean the measures are likely to be limited compared with support packages in previous downturns. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files for BankruptcyArm Courts Intel as Anchor Investor in Upcoming IPOOil Traders Are Daring to Defy Market Ki
( 10
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General Motors has signaled in a series of recent announcements on plant retoolings that it plans to keep its largest and most profitable combustion trucks and SUVs in production longer than expected - another 10 to 12 years, according to analysts and suppliers. This should enable the automaker to reap tens of billions of dollars in additional profit, according to Reuters estimates, before it shifts completely to zero-emission electric vehicles in 2035. GM in November 2021 said it would switch to an all-electric fleet by 2035.
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Global stock markets and Wall Street futures rose Tuesday ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike. Forecasters expect it to show inflation eased in May but still was double the Fed's 2% target despite interest rate hikes to cool business activity. Traders hope the Fed will skip another rate increase when its monthly board meeting ends Wednesday, but that might be complicated if inflation is higher than expected.
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Oracle stuck to its forecast of $65 billion in sales by 2026, but CEO Safra Catz says AI demand leaves the software company 'significant upside.'
( 22
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Cathie Wood's ARK Invest disclosed several transactions in three funds, Monday including sales of Tesla and Nvidia stocks.
( 22
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Oracle reports fiscal fourth-quarter earnings and revenue that top analysts' forecasts, Apple stock closes at a record high, and Tesla rises for a 12th consecutive session.
( 22
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China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery.
( 8
min )
Nearly half of retailers increased their loss prevention budgets in 2022, according to a recent survey.
( 22
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Half of workers aren’t engaged on the job, and there is a growing share of the workforce that is resentful that their needs aren’t being met, Gallup says.
( 28
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Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, Reuters reported earlier in April. Arm's designs are used in the manufacturing of chips made by most of the world's major semiconductor companies, including Intel, AMD, Nvidia and Qualcomm. It was not immediately clear what impact any IPO investment by one or more of those companies would have on Arm's commercial relationships.
( 7
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(Bloomberg) -- British chip designer Arm Ltd., backed by SoftBank Group Corp., is in talks with potential strategic investors including Intel Corp. to anchor what will be one of the largest initial public offerings of the year, according to people familiar with the matter. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyUBS Completes
( 8
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Vakbonden en VDL hebben dinsdag een akkoord gesloten over een nieuw sociaal plan voor werknemers van autofabriek Nedcar in Born. Dat was nodig vanwege de aangekondigde massaontslagen, maar het duurde weken voor de partijen het met elkaar eens waren.
( 3
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De prijs van gas is dinsdag met maar liefst 25 procent omhooggegaan. Dat komt doordat onderhoud aan Noorse gasinstallaties langer duurt dan verwacht. Het is de derde prijssprong in acht dagen.
( 3
min )
Het moet moeilijker worden om het populaire STAP-budget te misbruiken voor een hobbycursus of andere studie die niets met werk te maken heeft. Het kabinet denkt aan het uitsluitend toestaan van opleidingen die de overheid heeft goedgekeurd.
( 3
min )
Facebook-oprichter Mark Zuckerberg droomt van een virtuele toekomst. Je kunt de echte wereld achterlaten door een bril op te zetten en jezelf onderdompelen in een digitale wereld waarin alles mogelijk is. Tot nu toe loopt het nog geen storm. Maar misschien zorgt Apple voor een opleving.
( 4
min )
Vliegmaatschappij Transavia heeft stagiairs ingezet als volwaardige cabinemedewerkers aan boord van vliegtuigen. Dat heeft de Nederlandse Arbeidsinspectie geconstateerd. Die wil de naam van de luchtvaartmaatschappij niet noemen, maar Transavia maakt zelf duidelijk het onderwerp te zijn.
( 4
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De hotels van Van der Valk vinden dat ze te weinig coronasteun hebben gekregen. In een zaak tegen de Staat betoogden ruim zestig hotels dat ze allemaal losse bedrijven zijn en dat ze ook op die basis coronasteun hadden moeten krijgen.
( 3
min )
Prijzen in het stad- en streekvervoer zijn volgend jaar waarschijnlijk 11,3 procent hoger dan dit jaar. Dat komt doordat vervoerders zelf meer kwijt zijn aan energie en lonen. Die hogere uitgaven willen ze verwerken in hun prijzen.
( 3
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In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.
( 4
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Een luchtvaartmaatschappij die in Nederland actief is, zette stagiairs in als volwaardige cabinemedewerkers aan boord van vliegtuigen. Dat heeft de Nederlandse Arbeidsinspectie geconstateerd. Die wil niet zeggen om welke maatschappij het gaat, noch of het om een Nederlandse maatschappij gaat.
( 3
min )
De verwoesting van de dam in de Oekraïense rivier de Dnipro leidt tot grote problemen met de internationale voedselzekerheid, stellen de Verenigde Naties. Dat komt doordat er een enorme hoeveelheid water naar het zuiden van Oekraïne stroomt. Daar wordt veel graan verbouwd.
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Chocoladerepen kunnen de komende tijd mogelijk nog duurder worden. Dat komt doordat de prijs van cacao is gestegen naar het hoogste punt in zeven jaar, meldt dataverzamelaar NielsenIQ. Vooral voor pure chocola moeten liefhebbers waarschijnlijk flink in de buidel tasten, omdat daar veel cacao in zit.
( 3
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In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.
( 4
min )
De verwoesting van de dam in de Oekraïense rivier de Dnipro leidt tot grote problemen met de internationale voedselzekerheid, stellen de Verenigde Naties. Dat komt doordat er een enorme hoeveelheid water naar het zuiden van Oekraïne stroomt. Daar wordt veel graan verbouwd.
( 4
min )
In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.
( 4
min )
In de cao's die de afgelopen zes maanden zijn afgesloten, komt de gemiddelde loonstijging uit op 7,1 procent. "En de stijgende lijn zet door", zegt vicevoorzitter Zakaria Boufangacha van vakbond FNV.
( 4
min )
PostNL brengt in het najaar een nieuwe cryptopostzegel uit. De 'crypto stamp' bestaat uit een echte postzegel die je zoals gewoonlijk ergens op kunt plakken en een digitaal deel.
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Nederland was de afgelopen twee jaar meer geld kwijt aan het importeren van goederen en diensten uit het buitenland. Dat kwam voornamelijk door de hoge energieprijzen.
( 3
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Hoewel de energierekening de afgelopen tijd hoger is geworden, zijn Nederlandse voedselproducenten veel gas blijven verbruiken. Dat terwijl veel andere bedrijven wel hebben geminderd. Dat kan slecht uitpakken voor de voedingsproducenten, waarschuwt ING Research.
( 4
min )
A student loan deferral can give you relief from your debts, but there can be long-term consequences to your credit score. Learn how deferrals affect your credit score.
( 22
min )
Whether a locked or changing rate on your savings is better depends on where the Fed rate is headed
( 18
min )
Dividend policy structures the dividend payout a company distributes to its shareholders. Stable, constant, and residual are three dividend policies.
( 24
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Lower inflation could mean a big drop in the Social Security cost-of-living adjustment (COLA) for 2024, according to the Senior Citizens League.
( 16
min )
Understand more about The Coca-Cola Company and PepsiCo. Learn about the key similarities and differences that have made both companies good investments for years.
( 22
min )
A 2021 policy change offered retroactive survivors benefits to same-sex couples who lost their partner before the establishment of marriage equality.
( 27
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Markets gained on Tuesday, June 13, 2023, as slowing inflation raises hopes the Fed won't raise rates; cruise lines, energy stocks gain.
( 16
min )
Toyota shares rose after the carmaker announced new EV plans.
( 16
min )
Learn what it takes to join a credit union and tap into some of the best rates on certificate of deposit (CD) accounts offered by these institutions.
( 17
min )
Learn the tax laws for small businesses in Oregon, and understand the different types of taxes small business owners face based on business type.
( 22
min )
Oscar-winning actor Leonardo DiCaprio amassed a net worth of about $300 million from his acting career and real estate portfolio. As a climate activist he also backs sustainable companies from plant-based foods to vegan leather.
( 23
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Despite making huge strides and gaining important rights, some financial issues still persist for LGBTQ+ service members and their families.
( 30
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The May inflation rate was 4%, below top CD rates at terms ranging from 6 months to 5 years. The best-paying CDs could help to mitigate the impact of inflation on your savings.
( 18
min )
Lending money to friends and family can have unintended financial consequences. Learn the do’s and don’ts of lending money to people you know.
( 24
min )
Here's why healthcare in the United States is so expensive, but the quality of care in the U.S. still ranks low among developed countries.
( 23
min )
The term “Buy Here, Pay Here (BHPH)” refers to auto dealerships in which the financing for the vehicles purchased is done in-house.
( 22
min )
A bill of materials is an extensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.
( 21
min )
Loan terms are the details of a loan when you borrow money. Here’s more on what loan terms means and how to review them when borrowing.
( 24
min )
Health insurance premiums vary wildly across the U.S. according to where you live and work, how old you are, your income, and more.
( 28
min )
Individual investors have re-embraced stocks and are more confident that markets will rise than they have been all year, according to Investopedia’s latest survey of newsletter readers.
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Based on how you fill out the FAFSA, you’ll receive a financial aid award letter from each school that accepts you. Here’s what you need to know.
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U.S. equities gained at midday on Tuesday, June 13, 2023 as lower inflation raised optimism the Fed could pause its rate hike cycle.
( 16
min )
Bunge and Viterra agreed to merge in an $18 billion deal that will create an agribusiness giant valued at an estimated $34 billion.
( 16
min )
ZIM Integrated Shipping Services, Nikola Corp, and CIRCOR International lead for value, growth, and momentum, respectively
( 21
min )
Oracle posted better-than-expected earnings, a strong sales outlook, and announced plans to develop generative AI services.
( 16
min )
An intangible asset is an asset that is not physical in nature and can be classified as either indefinite or definite.
( 26
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Personal loan rates increased to 21.35%, well over a half percentage point since last week. Last week, the average personal loan rate sat at 20.67%, 68 basis points lower.
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min )
After death, your bank account may not go directly to your heirs. Learn how to set things up so that it does.
( 22
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Living wage refers to a theoretical wage level that allows an individual to afford adequate shelter, food, and other necessities.
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If you are caring for a disabled child, you have a wide range of federal and state benefits available to you.
( 24
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The average rate for a 30-year new purchase mortgage dropped 8 basis points Monday, while its refinance counterpart rose 6 basis points, widening the gap between the two.
( 19
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The Consumer Price Index rose 4% over 12 months in May, down more than half from the 9.1% inflation peak logged less than a year ago in June 2022 and its lowest since March 2021.
( 17
min )
A currency transaction report (CTR) is used in the banking industry to monitor and report cases of potential money laundering.
( 24
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Selling (writing) a put option allows an investor to potentially own the underlying security at both a future date and a more favorable price.
( 26
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The Gordon growth model (GGM) is used to determine the intrinsic value of a stock based on a future series of dividends that grow at a constant rate.
( 26
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The least squares method is a statistical technique to determine the line of best fit for a model, specified by an equation with certain parameters to observed data.
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An annual report describes a company's operations and financial condition to stakeholders, and is required by regulators.
( 24
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The Federal Deposit Insurance Corporation insures CDs at member institutions up to the deposit insurance limit of $250,000.
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With elevated interest rates translating to higher yields on deposit products, it could be a perfect time to hold your savings in multiple accounts.
( 16
min )
Savers considering non-traditional, high-yield accounts should approach them with caution, financial advisors say
( 16
min )
PEST analysis (political, economic, social, and technological) is an analytical method used by companies to determine what major external factors could affect their business.
( 21
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Lucrative salary, high perks, and best quantitative brains at work—here are the common entry level positions for those aspiring for a career in the hedge fund industry.
( 21
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(Bloomberg) -- Just last year, billionaire Wang Jianlin had appeared to cement his reputation as one of the few remaining Chinese property tycoons to sidestep a wave of debt defaults sweeping the industry.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyUBS Completes Credit Suisse Takeover to Create Bank TitanMary Erdoes, JPMorgan’s B
( 10
min )
(Bloomberg) -- BYD Co., China’s homegrown company that’s now become the world’s hottest maker of electric vehicles, has a warning for the US: New climate laws could end up backfiring and leave Americans paying more for EVs than the rest of the world. Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyUBS Completes Credit Suisse Takeover
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The U.S. electric grid is undergoing a huge transformation and renewables have steadily become more widely adopted over the past decade. Adoption is set to continue at a brisk pace, says Goldman Sachs analyst Carly Davenport. Looking ahead, Davenport reckons that by 2032, over 45% of the U.S.’s power generation capacity will come from renewable sources and 6% from coal. That compares to a mix of 30%/16% today and 17%/27% in 2012, making the ongoing change very clear. With this as backdrop, boost
( 11
min )
(Bloomberg) -- Oracle Corp. reported quarterly revenue that topped estimates, signaling the software maker’s cloud business is benefiting from heightened demand for artificial intelligence workloads. Shares gained in extended trading.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallySilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Mary
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min )
Seema Shah, the chief global strategist of Principal Asset Management, expects the US recovery to start next spring, and the AI craze to help stocks.
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min )
Housing is so expensive that middle-income buyers can only afford 23% of properties on the market, according to the National Associations of Realtors.
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What might seem to be farfetched tax mitigation tactics are perfectly legal, lawyers and bankers to the wealthy tell Insider.
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The nature of online banks enables them to pay higher rates than traditional banks, with the same federally insured safety.
( 19
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(Bloomberg) -- Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, filed for bankruptcy on Monday after high interest rates and waning access to credit hit its cash position and made its debts unsustainable. Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallySilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Mary
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min )
“With the S&P 500 rally now crossing the 20% threshold, more are declaring the bear market officially over. We respectfully disagree," Wilson wrote Monday, arguing corporate earnings are set to fall.
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min )
A big Magellan holder has come out against the $19 billion deal with Oneok that would create one of the largest energy pipelines in the U.S. Taxes are a key issue.
( 22
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Evercore ISI analyst Greg Melich upgraded the auto-parts retailer to Outperform from In-Line, raising his target for the stock price.
( 22
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(Bloomberg) -- A Berkshire Hathaway Inc. unit is liable for destruction caused by the 2020 Labor Day Fires in Oregon, a jury concluded, exposing energy company PacifiCorp to potentially more than $1.5 billion in damages.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanMorgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallySilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Mary Erdoes, JPMorg
( 8
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(Bloomberg) -- Bond traders are underestimating how much Tuesday’s Consumer Price Index report will show the inflation rate dropped last month, according to Citigroup Inc. strategist Raghav Datla.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanSilvio Berlusconi, Italy Leader Mired in Scandal, Dies at 86Morgan Stanley, Goldman at Odds on S&P 500’s Bull Market RallyMary Erdoes, JPMorgan’s Billionaire Whisper
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At just over 4300, the S&P 500 has risen about 20% from its closing low in last year's market downturn, putting it technically in bull-market territory.
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Is it time to play defense? Economists have a fairly simple story to tell about the 2023 economy: things are weird. Inflation raged out of control in 2022, but has been falling in 2023. A volatile stock market remains below its … Continue reading → The post Morgan Stanley Says You Should ‘Play Defense' With These Income-Producing Assets appeared first on SmartAsset Blog.
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Analysts at Morgan Stanley, Jefferies, and Evercore ISI all raised their target prices on Adobe stock on Monday, citing the outlook for the software company's artificial-intelligence operations.
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KeyCorp's chief financial officer shared revised guidance on net interest income for the second quarter, and investors aren't pleased.
( 22
min )
In 1965, a middle-aged couple in Omaha, Nebraska, faced a common yet challenging predicament: how to effectively plan for retirement. Dorothy and Myer Kripke had diligently saved and received a modest inheritance, placing them well ahead of their peers in terms of retirement planning. By that year, their savings amounted to approximately $67,000, which, when adjusted for inflation, would equate to around $650,000 today. Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision F
( 8
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Ark Invest’s Cathie Wood is known for investing in disruptive innovation. The super investor has placed big bets on artificial intelligence (AI), which is widely regarded as one of the most disruptive and transformative technologies today. Speaking of AI stocks, it’s hard to ignore what Nvidia Corp. (NASDAQ: NVDA) has been doing. Shares of the chipmaking giant have surged 165% so far this year, and the company crossed $1 trillion in valuation at one point. Ark Invest’s flagship fund Ark Innovati
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The stock fell about 18% on Thursday after the videogame company disclosed disappointing financial results and the firing of CEO Matt Furlong.
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Reuters Broadcom Most Likely To Receive EU Approval For $61B VMware Merger In early May, U.S. chipmaker Broadcom Inc's (NASDAQ: AVGO) CEO Hock Tan proposed a pitch to EU antitrust enforcers regarding the pro-competitiveness of the proposed $61 billion bid for cloud computing firm VMware Inc (NASDAQ: VMW). Broadcom is set to gain conditional EU antitrust approval for its proposed acquisition of VMware. The European Commission's approval is linked to Broadcom's interoperability remedies to rivals
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And delaying your journey by a mere 10 years could “cost you $700,000”.
( 7
min )
Truist analysts raise their price target on SoFi after initiating coverage of the stock at Buy last month.
( 22
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A few hours before the company reports earnings, Wolfe Research analyst Alex Zukin lifted his rating to Outperform from Peer Perform.
( 22
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Policymakers face a big challenge this week. The Fed will convene for its two-day policy meeting on June 13-14 (Tuesday/Wednesday) to determine whether another rate hike is required in its ongoing efforts to tame persistently high inflation. However, this time around, there might finally be a change in tune. “For much of last year the Fed was united about the need to lift rates into restrictive territory,” notes Raymond James’ CIO Larry Adam. “But after ten consecutive rate increases, we are sta
( 11
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Tesla upgraded, Nio downgraded: Wall Street's top analyst calls
( 8
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(Bloomberg) -- Nasdaq Inc. has agreed to buy financial-software maker Adenza from its private equity owners in the exchange operator’s biggest-ever deal.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareGoldman’s Low US Recession Odds Get It Wrong, Bond Investors SayThe acquisition is
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The euro rallied a bit during the early hours on Monday, testing the top of a short-term consolidation range that we have been in.
( 7
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The deal marks the end of 167 years of independence for the troubled bank and the beginning of a new stretch in financial history with one dominant Swiss manager of money for the global elite.
( 28
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Nasdaq shares were down around 10% in early trading Monday after the exchange operator said it agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal.
The seller in the transaction is private-equity firm Thoma Bravo, which is poised to get
( 19
min )
If you want to dip your toe into investing, it can be overwhelming. The terminology, risks and fees might make you want to just dump your funds in a savings account instead. But that would be a mistake – investing … Continue reading → The post Dollar-Cost Averaging vs. Lump Sum Investing appeared first on SmartAsset Blog.
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min )
A risk-averse investor is someone who prefers to emphasize security over potential gains. Their portfolio is built to preserve capital and prevent losses first and pursue growth second. This isn't to say that risk-averse investors see no gains. This is … Continue reading → The post How to Be a Risk Averse Investor appeared first on SmartAsset Blog.
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Using multiple bank accounts can be a good way to separate funds for different financial goals. However, if you forget about one of those accounts it could end up falling dormant. A dormant bank account is an account that registers … Continue reading → The post What Is a Dormant Bank Account? appeared first on SmartAsset Blog.
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min )
Volatile trading in the bond market reflects a less optimistic view. Investors there remain worried that high interest rates will damage the economy.
( 22
min )
TreeHouse Foods is the only major publicly traded pure play on increasingly popular private-label food products. The stock is cheap—but it might not stay that way for long.
( 22
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There’s more to a stock’s cash returns than just the dividend, such as buybacks and debt paydowns. Together, they’re known as shareholder yield.
( 22
min )
The current market rally is reminiscent of the immediate relief following JP Morgan's purchase of Bear Stearns in March 2008, six months before Lehman collapsed.
( 9
min )
The political whirlwind its acquisition of Credit Suisse has stirred in Switzerland gives the country’s largest bank reasons to lowball its financial estimates.
( 29
min )
Toyota’s annual meeting this year has turned into a showdown over the merits of longtime leader Akio Toyoda’s electric-vehicle strategy.
( 28
min )
Chinese e-carmaker Nio has slashed prices barely two months after saying that price wars in the EV market were a bad idea.
( 8
min )
JPMorgan Chase & Co agreed in principle to settle a class action lawsuit with a victim of Jeffrey Epstein, the bank said in a statement Monday. Litigation is still pending between the U.S. Virgin Islands and JPMorgan Chase, as are JPMorgan Chase’s claims against former executive Jes Staley, the bank said. "The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse," JPMorgan said.
( 6
min )
The pop star's comments have been condemned for mocking the working class.
( 8
min )
Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal.
( 28
min )
One of the biggest oil bulls is growing less bullish as the crude market runs into renewed pressure.
Goldman Sachs cut its end-of-year outlook for Brent crude to $86 a barrel, from $95.
Brent futures fell around 2% Monday to just over $73 a barrel.
Goldman Sachs forecast a big rally in
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min )
Live updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
( 19
min )
Chinook said it has entered an agreement to be acquired by Novartis for $40 per share in cash, with additional cash contingent on regulatory progress with astrasentan, its kidney disease drug candidate.
( 22
min )
Despite the fastest monetary tightening cycle in the country's history, Canada's economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year high of 4.75% last week. Analysts are betting on another rate hike in July, to help the Bank of Canada bring inflation back down to its 2% range. Many of Canada's major banks allowed holders of variable rate mortgages to extend their amortization period in order to keep their payments at nearly the same level, temporarily blunting the impact of higher borrowing costs.
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min )
"We are heading for a downturn and it varies region to region," said Benjamin Jones, director of macro research at Invesco. The World Bank just raised its 2023 outlook as the U.S. and other major economies have proven more resilient than forecast, though it said this year will still mark one of the slowest for growth in the last five decades. Goldman Sachs lowered its odds of a U.S. recession in the next year to 25% from an already below consensus 35%, given easing banking sector stress and the debt ceiling deal which it sees resulting in only small spending cuts.
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min )
Oil prices slipped early Monday on concerns about global demand.
Brent crude, the international benchmark, declined 2.4% to $72.97 a barrel. West Texas Intermediate, the U.S. standard, fell 2.8% to $68.20 a barrel. Both contracts declined for a second consecutive week last week.
Crude prices have
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min )
Generative AI demand will persist, while the chip maker’s competitive edge should keep its pricing strong.
( 29
min )
↗️ Biogen (BIIB): The biotech company's shares rose nearly 4% premarket after an advisory committee [recommended the Food and Drug Administration approve Leqembi](https://investors.biogen.com/news-releases/news-release-details/fda-advisory-commi
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min )
The leading U.S. financial regulator took aim at two of the largest crypto exchanges this week, charging Binance and Coinbase Global.
( 22
min )
Teck has already rejected two full takeover bids from Glencore, and said last week that it has received several offers for its coal unit.
( 22
min )
EU antitrust regulators are set to approve with conditions U.S. chipmaker Broadcom's $61 billion proposed acquisition of cloud computing firm VMware, people familiar with the matter said. The European Commission's approval is conditional on Broadcom offering interoperability remedies to rivals to address competition concerns, the people said.
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(Bloomberg) -- Federal Reserve officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift that bolsters the case for a pause in their tightening campaign this week.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareGoldman’s Low US Recession Odds
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Biogen stock rises after an advisory committee of the Food and Drug Administration votes in favor of approving the biotech company's Alzheimer’s drug, Salesforce is hosting an AI event, Oracle will report earnings, and Chinook Therapeutics will be acquired by Novartis.
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(Bloomberg) -- Credit Suisse Group AG’s imminent exit from the Swiss Market Index is symbolic of the decreasing importance of financial companies to the country’s stock market.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaUBS Completes Credit Suisse Takeover to Create Bank TitanAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareGoldman’s Low US Recession Odds Get It Wrong, Bond Investors
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U.S. stock futures advanced early on Monday as the Federal Reserve prepares to pause its campaign of interest-rate increases for the first time in more than a year.
The Dow Jones Industrial Average contracts added 0.2%, or 56 points, to 34,260. The S&P 500 rose 0.3%, and the technology-heavy Nasdaq
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UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil. A statement from the bank said that “UBS has completed the acquisition of Credit Suisse today, crossing an important milestone."
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(Bloomberg) -- Novartis AG agreed to buy Chinook Therapeutics Inc. for as much as $3.5 billion to add two promising treatments for a rare kidney disease that are currently in late-stage trials.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksUBS Completes Credit Suisse Takeover to Create Bank TitanJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon
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Warren Buffett’s company saw both classes of its shares set intraday 52-week highs in the past week, while shares of Hain, a maker of organic and natural products, dove to a more-than-decade low.
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Nomura/Instinet downgraded the company to Neutral from Buy and cut its price target to $7.50 from $25.80. Meanwhile, CMB International Securities downgraded to Hold from Buy and cut its price target to $8.50 from $21.00.
( 7
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(Bloomberg) -- Cryptocurrencies resumed losses Monday, though staying above their weekend lows, as last week’s regulatory crackdown by the US Securities and Exchange Commission weighed on sentiment.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksUBS Completes Credit Suisse Takeover to Create Bank TitanJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Stur
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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Volatile trading in the bond market reflects a less optimistic view. Investors there remain worried that high interest rates will damage the economy.
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UBS on Monday said it completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion and greater muscle in wealth management. Commenting on the biggest banking deal since the 2008 global financial crisis, UBS CEO Sergio Ermotti and Chairman Colm Kelleher said "this is the start of a new chapter" in an open letter published in Swiss newspapers. The group will oversee $5 trillion of assets giving UBS, the world's largest wealth manager, a leading position in key markets it would otherwise have needed years to grow in size and reach.
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(Bloomberg) -- The rally in US equities will broaden beyond megacap technology names if history is any guide, Goldman Sachs Group Inc. strategists said in a report raising their year-end target for the S&P 500.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested in SNP ProbeThere’s More Troubl
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Oracle shares have been on fire as the market begins to see the company as a major play on artificial intelligence.
( 22
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China's property sector is expected to grapple with "persistent weakness" for years, Goldman Sachs analysts said, adding that its problems would continue to drag on the country's economic growth. Weaknesses are particularly pronounced in lower-tier cities and private developer financing, they said in a client note, adding that policymakers, who have vowed not to use the sector as a short-term lever to spur growth, seem keen for there to be less economic and fiscal reliance on the industry. "As such, we only assume an 'L-shaped' recovery in the property sector in coming years," the note said.
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(Bloomberg) -- Electric-vehicle maker Nio Inc. slashed starting prices on all of its models in China by 30,000 yuan ($4,200), days after reporting a worse-than-expected quarterly loss.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksUBS Completes Credit Suisse Takeover to Create Bank TitanJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested
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The central bank aims to avert financial instability while also fighting inflation—predicaments that frequently call for opposite policies.
( 24
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Geopolitical tension and poor economic recovery drive stock price falls and funding shortages
( 11
min )
(Bloomberg) -- Hedge funds extended their record selling streak of short-dated Treasuries amid bets the Federal Reserve’s fight with inflation is far from done. Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested in SNP ProbeThere’s More Trouble Coming for Regional Banks Leveraged investors b
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(Bloomberg) -- Asian stocks were set for a cautious open while major currencies traded in narrow ranges early Monday as traders braced for a week that brings interest rate decisions from the US and Europe to China and Japan.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested in SNP ProbeOdey
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China's electric vehicle maker Nio said on Monday it would cut prices by 30,000 yuan ($4,198.74) for all models including its revamped ES6 and ES8 sports utility vehicles from June 12. Nio would no longer provide free battery swapping services to new buyers, the company also said in the same statement. ($1 = 7.1450 Chinese yuan renminbi)
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Sales of Yizhuan Automobile Co.’s trash trucks picked up after China ended anti-virus controls in December, but their growth is in low gear as managers struggle to rebuild business lost during the pandemic. China’s economy rebounded at the start of 2023, but after a good first quarter, factory output and consumer spending are weakening. Yizhuan’s sales are up only by single-digit percentages from last year's depressed level, according to its deputy general manager, Yu Xiongli.
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(Bloomberg) -- Bank of Korea Governor Rhee Chang-yong flagged growing financial sector risks amid a rise in real estate loan delinquencies— even as the broader housing market slowly recovers.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested in SNP ProbeOdey Sacked From His Hedge Fund Firm A
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Is there a right way to invest? Not really. Each person has their own individual style, but what ultimately matters are the results. This holds especially true in the realm of investing, where even the most successful stock pickers on Wall Street employ diverse strategies to achieve their goals. And what are those goals? Big returns, of course. Take Billionaires Steve Cohen and Ken Griffin, for example. Both have had incredible careers, but each’s route to riches has been distinct. Griffin, who
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(Bloomberg) -- Oil held losses amid persistent concerns around the demand outlook as Goldman Sachs Group Inc. cut its price forecast again.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested in SNP ProbeOdey Sacked From His Hedge Fund Firm After Assault AllegationsBrent futures traded below $
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(Bloomberg) -- Soaring corporate profits are a big part of the inflation problem, and keeping interest rates high is the best way to rein them in, according to Bloomberg’s latest poll of professional and retail investors.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested in SNP ProbeOdey Sac
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The internal rate of return (IRR) rule is a guideline for evaluating whether a project or investment is worth pursuing.
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The nature of online banks enables them to pay higher rates than traditional banks, with the same federally insured safety.
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It takes sleuthing skills to track down the right property in the right neighborhood. Here are some key factors to consider when shopping for an investment property.
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Brokered CDs generally offer higher yields than traditional offerings, but they carry more risk. Find out what a brokered CD is and whether it's right for you.
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The best rates on a CD today that accepts a $5,000 deposit range from 4.70% to 5.50% APY. Investing $5,000 in a 2-year CD right now could earn you close to $500 in interest.
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min )
The Dow Jones Industrial Average was higher by more than 180 points, marking five straight sessions in the green
( 17
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Markets gained on Monday, June 12, 2023 on expectations that Fed policymakers will skip a rate hike at this week's meeting.
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Members of Congress and bankers have called for an increase in deposit insurance limits, though so far there’s no consensus on how to do it or by how much.
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A mix of federal and state laws protect borrowers from predatory lenders, including by capping interest rates or banning discrimination.
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Secured loans are loans that require collateral to borrow. Here’s how secured loans work and where to find them.
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JP Morgan and Goldman Sachs are competing investment banks specializing in asset management and advisory services in the U.S. and globally.
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Today’s high interest rates mean you can earn outsized yields on savings deposits. See how to take advantage by opening a high-yield savings account.
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Consumers' short-term inflation outlook fell in May to the lowest level in two years, according to the New York Fed.
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Logistics is the overall process of managing the way resources are obtained, stored, and moved to the locations where they are required. Learn more about how it works.
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A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or tax reduction.
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Tesla's stock price rose on Monday for the 12th straight session, in its longest winning streak on record after several EV charging station firms added Tesla's connectors.
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Brokerage cash management and high-yield savings accounts may both offer straightforward transfer options, so it comes down to which provides the best rate.
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A bounced check will not directly affect your credit score, but it can damage your financial standing in other ways.
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The Purchasing Managers' Index (PMI) is an indicator of economic health for manufacturing and service sectors.
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Contingent convertibles (CoCos) are similar to traditional convertible bonds in that there is a strike price, which is the cost of the stock when the bond converts into stock.
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Recessions are known to batter investment portfolios, although there are several ways to better weather the storm and reduce volatility.
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Cost accounting aids in decision-making by helping a company's management evaluate its costs. These are the different costs evaluated in cost accounting.
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Jumbo CDs offer higher interest rates on half of the terms we track right now, but overall, the rates are very comparable to regular CDs. So, it's smart to shop around.
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A high-yield savings account can make your money go further. Find out the top benefits and how to choose an account that’s right for you.
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From automating transactions to finding the right savings vehicle, here are the key things to know about managing your savings.
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Whether you invest directly or indirectly in property, you need to know the factors that can affect the real estate market and related real estate investments.
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The highest rate on a money market account right now is 5.25%, which is higher than the top savings account rate of 5.12% APY. Both pay at least nine times the national average rate.
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Debt consolidation is combining several loans into one new loan, often with a lower interest rate. It can reduce your borrowing costs but also has some pitfalls.
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The collapse of Silicon Valley, Signature, and First Republic regional banks in March and May put upward pressure on CD rates, experts say.
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Hypothesis testing is the process that an analyst uses to test a statistical hypothesis. The methodology employed by the analyst depends on the nature of the data used and the reason for the analysis.
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Analysis of variance (ANOVA) is a statistical analysis tool that separates the total variability found within a data set into two components: random and systematic factors.
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Learn the Schaff Trend Cycle Indicator as well as the similarities and differences to the MACD
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Continuous compounding is the process of calculating interest and reinvesting it into an account's balance over an infinite number of periods.
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Gift-givers plan to spend almost $200 on average to celebrate the dads and father figures in their lives.
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The gross profit margin is a metric used to assess a firm's financial health and is equal to revenue less cost of goods sold as a percent of total revenue.
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This week’s cryptocurrencies to keep an eye on are PAX Gold (PAXG), XRP (XRP), Bitcoin (BTC), Monero (XMR), and Gnosis (GNO).
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Double entry is an accounting term stating that every financial transaction has equal and opposite effects in at least two different accounts.
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U.S. equities were up at midday on Monday, June 12, 2023 amid optimism the Fed will pause its rate hike cycle.
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In the future, businesses would be able to bank with little to no fear of losing all their money if their bank fails, if reforms suggested by the Federal Deposit Insurance Corporation become reality.
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Novartis agreed to buy Chinook Therapeutics for up to $3.5 billion.
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Nasdaq agreed to buy software firm Adenza for $10.5 billion, expanding Nasdaq's reach into fintech.
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Understand the effect of World War II on a nation's gross domestic product, and what foreign and domestic factors influenced this change post-war.
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Rates on 30-year mortgages ticked up to 7.26% on Friday, the highest we've seen them in June. Other rates also rose, including the jumbo 30-year, which gained 12 basis points.
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Managing risk can be a big challenge even for the most seasoned trader. Read on to learn how you can manage risk through the use of stop-loss and take-profit points.
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Expected value is the anticipated value for an investment at some point in the future and is an important concept for investors seeking to balance risk with reward.
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The long run refers to a period of time where all factors of production and costs are variable, and the goal is to produce at the lowest cost.
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Share capital is the money a company raises by issuing shares of common or preferred stock. The total is listed in the company's balance sheet.
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Ex-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer.
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Ann S. Moore is most famous as the first female CEO of magazine company Time, Inc. until it was acquired by Meredith Corporation in February 2018.
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As founder and CEO of software giant Oracle, Larry Ellison built the company that revolutionized how businesses access and use data.
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De export van Nederlandse goederen naar landen die dicht bij Rusland liggen, is vorig jaar ruim verdubbeld. Het gaat om onder meer trucks en bussen, maar ook om bloemen en planten. De uitvoer naar Rusland zelf viel juist flink terug.
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Platformbedrijven als Uber en Deliveroo die met zelfstandigen werken, krijgen meer regels vanuit Brussel. Daarover hebben de EU-lidstaten maandag een akkoord bereikt. De regels moeten het moeilijker maken om personeel als zelfstandige te laten werken als medewerkers dat niet willen. De bedrijven zelf zijn kritisch.
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Een vluchteling uit Oekraïne heeft 500.000 euro gewonnen met een kraskaart in België. Dat heeft de Belgische loterij bekendgemaakt.
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De Amerikaanse bank JP Morgan Chase heeft met de slachtoffers van Jeffrey Epstein overeenstemming bereikt voor schadevergoedingen. Dat heeft de bank samen met de advocaten van de slachtoffers bekendgemaakt.
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Op het grote discussieplatform Reddit gaan groepen met tientallen miljoenen leden maandag en dinsdag op zwart. Deze subreddits protesteren tegen nieuw beleid van het platform dat appontwikkelaars met torenhoge kosten opzadelt.
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De 92-jarige multimiljardair, superbelegger en filantroop George Soros draagt zijn imperium over aan zijn 37-jarige zoon Alex. Volgens de Hongaars-Amerikaanse Soros heeft zijn zoon het recht verdiend om het fortuin te beheren, zo zegt hij tegen The Wall Street Journal.
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Er komt definitie geen tweede Kaagbaan op luchthaven Schiphol. Minister Mark Harbers (Infrastructuur) heeft maandag besloten om de reservering op een stuk grond in de gemeente Haarlemmermeer op te heffen.
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In de cao's die afgelopen maand zijn afgesloten, gaan de lonen met gemiddeld 8,2 procent omhoog. Dat is voor de werkgevers reden tot zorg, zegt werkgeversorganisatie AWVN. Bedrijven zullen daardoor gaan bezuinigen.
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Na een weekend met warm weer zijn de meeste mensen nu weer aan de slag. Sommigen zoeken de airco op kantoor op, anderen rommelen thuis aan met ventilatoren en flessen bevroren water. Ondertussen wordt druk overlegd over het aanpassen van roosters of verschuiven van werkzaamheden.
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De Zwitserse bank UBS heeft de overname van zijn voormalige rivaal Credit Suisse afgerond. Door de overname is een van de grootste vermogensbeheerders ter wereld ontstaan. Daarmee is een einde gekomen aan het 167-jarige onafhankelijke bestaan van Credit Suisse.
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De krapte op de arbeidsmarkt is ongekend. Ons land heeft momenteel 166 beroepen met een tekort aan arbeidskrachten, zo blijkt uit een analyse van uitkeringsinstantie UWV.
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Het aantal faillissementen is in mei opnieuw opgelopen. Afgelopen maand werden zestien bedrijven meer failliet verklaard dan in april. Dat is een stijging van 7 procent. Vooral in de handel en de bouw gingen bedrijven op de fles.
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Benzine en diesel worden binnenkort fors duurder door hogere accijnzen. Daarmee worden de prijsverschillen met tankstations in Duitsland en België groter. Dat geldt ook voor de pomp in Luxemburg onderweg naar je vakantiebestemming. Omrijden gaat voor veel automobilisten weer lonen, maar reken je niet rijk.
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Benzine en diesel worden binnenkort fors duurder door hogere accijnzen. Daarmee worden de prijsverschillen met tankstations in Duitsland en België groter. Dat geldt ook voor de pomp in Luxemburg onderweg naar je vakantiebestemming. Omrijden gaat voor veel automobilisten weer lonen, maar reken je niet rijk.
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IESE Business School is a graduate business school located at the University of Navarra in Barcelona, Spain.
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Here are some things for you to consider before investing in a leased-land property should the opportunity arise.
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A brand is a unique identity for a product and service that is created to distinguish it from its competitors. Learn why creating a brand is critical to successful marketing.
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Form 1098 is an IRS form used by taxpayers to report the amount of interest and related expenses paid on a mortgage during the tax year when the amount totals $600 or more.
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Winsorized mean is an averaging method that involves replacing the smallest and largest values of a data set with the observations closest to them.
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Constructive receipt is when cash has not been physically received, but the individual or business can still control or utilize the money.
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Of the 50 U.S. states, 39 and the District of Columbia do not levy a tax on Social Security benefits.
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Explore the opportunities for data analysts. Learn about skills, qualifications, career paths, salaries, and more.
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If you're selling a home and don't tell potential buyers about potential issues and hazards, you could end up in court. Here's how to stay out of trouble.
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Cost per thousand or CPM is a marketing term that's used to denote the cost an advertiser pays per one thousand advertisement impressions on a web page.
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A mortgage isn't the only way to finance a home. One alternative is seller financing, where the seller takes on the role of lender. Learn how it works.
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Depreciation accounts for decreases in the value of a company’s assets over time. Learn about different methods of calculating depreciation expenses.
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Here's how to maximize the Social Security benefits you receive and minimize the taxes you pay on them when you are in retirement.
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Millennials fall into the category of high car insurance rates but this guide will help you find the best auto policy to suit your needs and pocketbook. Check out some of the ways to save money, like owning an older car or leasing a vehicle.
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Learn what an accounting information system (AIS) is and the six main parts of this indispensable business asset for managing a company's financial data.
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Vodafone Group, InterDigital, and Opera lead the industry for best value, fastest growth, and most momentum, respectively.
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Millennials are buying homes at a lower rate than generations before, with high housing prices, the lack of entry-level homes, and the dearth of new builds particularly impacting millennials.
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Copyright is the exclusive right that the owner of an intellectual property has to that property. It protects a creator's work from unauthorized duplication or use.
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Internal rate of return (IRR) and return on investment (ROI) are two popular ways to measure the success of investments. Learn the differences between them.
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"Remote work does work initially, if you start with a system already healthy from in-person work," said the Y Combinator cofounder.
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Of the 50 U.S. states, 39 and the District of Columbia do not levy a tax on Social Security benefits.
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Bloomberg News reported on Saturday that the emergency takeover of Credit Suisse by UBS will close on Monday. UBS has come up with a list of nearly two dozen "red lines" that prohibit Credit Suisse staff from a range of activities, which include taking on clients from countries such as Libya, Russia, Sudan and Venezuela and launching new products without approval from UBS managers, the FT report added. Credit Suisse declined to comment, while UBS did not immediately respond to a Reuters request for comment.
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The Federal Reserve is expected to pause interest-rate increases. Plus, May CPI inflation is expected to slow. And we’ll see earnings reports from Oracle, Adobe, Lennar, and Kroger.
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(Bloomberg) -- US agribusiness Bunge Ltd. is near a deal to acquire Glencore Plc-backed Viterra, people familiar with the matter said, creating a giant capable of competing with the world’s biggest agricultural players.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareAs Fed Signals Rate Pause, Powell Will Have to Placate HawksOdey Sacked From His Hedge Fund Firm After Assault AllegationsUK Political
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The commodities giant is willing to buy Teck’s unit as an alternative to a full merger.
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Here's how to maximize the Social Security benefits you receive and minimize the taxes you pay on them when you are in retirement.
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(Bloomberg) -- Goldman Sachs Group Inc., one of the most bullish banks on the outlook for oil, has once again lowered its price forecasts amid increasing global supplies and waning demand.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsAs Fed Signals Rate Pause, Powell Will Have to Placate HawksScotland’s Nicola Sturgeon Arrested in SNP
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min )
Americans snatched up I bonds amid 40-year inflation in 2022. Now that prices are cooling and rates are rising, I bonds are losing their luster.
( 8
min )
Activist investor Carl Icahn has signaled he wants former CEO Jay Flatley to return to gene-sequencing test maker.
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The reversal is creating tension for workers who adjusted to the flexibility gained during the pandemic and arranged their lives accordingly.
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(Bloomberg) -- US stocks are back in a bull market and the American economy has consistently outperformed expectations, leading some firms to suggest the threat of recession has eased, if not altogether passed.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaThere’s More Trouble Coming for Regional Banks Fed Is Set to Pause and Assess the
( 8
min )
(Bloomberg) -- Illumina Inc.’s board accepted the resignation of Chief Executive Officer Francis deSouza, handing a victory to activist investor Carl Icahn who had been seeking his removal.Most Read from BloombergOil Traders Are Daring to Defy Market Kingpin Saudi ArabiaAs Fed Signals Rate Pause, Powell Will Have to Placate HawksJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareUK Political Drama Intensifies as Sturgeon Arrested in SNP ProbeGoldman’s Low US Recession Odds Get It W
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Contributing money to a traditional or Roth IRA can help you save money for retirement on a tax-advantaged basis. Should you make a mistake with contributions or change your mind about them, IRA recharacterization allows you to correct it. Recharacterizing … Continue reading → The post IRA Recharacterization: Retirement Guide appeared first on SmartAsset Blog.
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Retiring at 40 really can mean enjoying retirement in your (relative) youth. The question is, what does it take to make that possible? If you are lucky enough to have set aside $10 million, can that get the job done? … Continue reading → The post Can You Retire Comfortably at 40 With $10 Million? appeared first on SmartAsset Blog.
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If you were ever to become disabled or suffer a chronic illness or age-related debility that requires you to pay for help feeding and dressing yourself or similar assistance for an extended period, long-term care insurance could be a valuable … Continue reading → The post When to Buy Long-Term Care Insurance appeared first on SmartAsset Blog.
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Taxes are unavoidable but that doesn't mean you have to pay more than you owe. What happens to your tax liability with proper financial planning? The simple answer is that it can allow you to minimize what you owe while … Continue reading → The post What Happens To Your Tax Liability With Proper Financial Planning? appeared first on SmartAsset Blog.
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(Bloomberg) -- Investors are loading up on call options as they brace for a pivotal Federal Reserve decision that’s set to dictate the tone for equities heading into the second half of 2023. Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareThere’s More Trouble Coming for Regional Banks Crypto Weekend Slump Compounds Jitters of Investors Already on EdgeFed Is Set to Pause and Assess the Effect of
( 9
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(Bloomberg) -- Federal Reserve officials are ready to take a breather after more than a year of driving up interest rates, a move that’s likely to be accompanied by a strong signal that they’re prepared to keep hiking if needed.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareThere’s More Trouble Coming for Regional Banks Crypto Weekend Slump Compounds Jitters of Investors Already on EdgeFed Is
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(Bloomberg) -- Oil traders are starting to ignore the most important person in the market. It could prove a risky gambit.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareThere’s More Trouble Coming for Regional Banks Crypto Weekend Slump Compounds Jitters of Investors Already on EdgeFed Is Set to Pause and Assess the Effect of Rate HikesA week ago, Saudi Arabian Energy Minister Prince Abdulaziz
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Gym chain Planet Fitness has been rocked by disappointing earnings, and the departure of a top executive. CEO Chris Rondeau scooped up shares.
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(Bloomberg) -- Emerging-market bulls are still upbeat on the asset class, even after China’s highly-touted reopening rally fizzled and proved Wall Street’s early 2023 optimism to be misplaced.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareThere’s More Trouble Coming for Regional Banks Crypto Weekend Slump Compounds Jitters of Investors Already on EdgeFed Is Set to Pause and Assess the Effect o
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Vodafone Group, InterDigital, and Opera lead the industry for best value, fastest growth, and most momentum, respectively.
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Wael Sawan signals openness to more oil production in an effort to woo investors.
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The inaugural China International Supply Chain Expo is set to kick off in Beijing on November 28, as the world's second-largest economy seeks to protect its key role in global manufacturing amid intensified trade restrictions imposed by the United States and its allies. The five-day event, which is themed "connecting the world for a shared future", aims to "help Chinese firms participate more deeply in the global industrial division of labour" and "promote the building of resilient global supply
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Risk-averse investors aren’t rushing to chase a new bull market.
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Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: GM allies with Tesla; charging startups in need of a boost; all eyes on Stellantis.
( 8
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Perched inside a pile driver in East London in May 1988, Margaret Thatcher attempted to operate heavy machinery clad in her trademark skirt suit, high heels and pearl earrings.
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ARC Automotive, the Chinese-owned maker of 67 million air-bag inflators that regulators want recalled, has faced safety violations and litigation over allegedly flawed parts.
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There has definitely been a sustainable shift in how freight is distributed do The post Supply chain diversification apparent in freight market appeared first on FreightWaves.
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Ons leven speelt zich steeds meer af op het internet. Als we overlijden, verdwijnt ons lichaam in een kist. Maar online leef je nog jaren door als je je digitale erfenis niet goed regelt voor je nabestaanden.
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Ons leven speelt zich steeds meer af op het internet. Als we overlijden, verdwijnt ons lichaam in een kist. Maar online leef je nog jaren door als je je digitale erfenis niet goed regelt voor je nabestaanden.
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De Britse beleggingsfirma Odey Asset Management heeft oprichter Crispin Odey op straat gezet na nieuwe beschuldigingen van seksueel wangedrag. Het hedgefonds wil niets meer met de Britse belegger te maken hebben.
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Zorgen dat het treinverkeer soepel verloopt, is een belangrijke taak van de verkeersleiders bij ProRail. Zorgen dat dit veilig gebeurt, is nóg belangrijker. Veiligheid gaat voor alles en dat kan weleens botsen met het belang om reizigers zo snel mogelijk op de juiste plek te krijgen.
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Tesla is op zoek naar lokale leveranciers van onderdelen in Mexico. De Amerikaanse fabrikant van elektrische auto's bereidt zich voor op de bouw van zijn eerste fabriek in het land. Het bedrijf zoekt ook naar Mexicanen die de auto's willen kopen.
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Tesla is op zoek naar lokale leveranciers van onderdelen in Mexico. De Amerikaanse fabrikant van elektrische auto's bereidt zich voor op de bouw van zijn eerste fabriek in het land. Het bedrijf is ook aan het zoeken naar Mexicanen die de auto's willen kopen.
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Met name kleinere cryptomunten zijn flink in waarde gedaald nadat de Amerikaanse toezichthouder SEC de cryptobeurzen Coinbase en Binance heeft aangeklaagd. Dat gebeurde wegens het schenden van de regels voor beurshandel en misleiding van beleggers en toezichthouders. Cryptobeleggers vrezen dat er steeds meer strenge regels rond crypto's gaan komen.
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Learn how a simplified employer pension (SEP) IRA works. Find out who qualifies to participate and what advantages it offers for retirement planning.
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A Hanging Man pattern is a candlestick pattern that hints at the reversal of an uptrend and is used by investors to make trading decisions.
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Checking accounts can become negative if you have an overdraft protection program without fund transfer capabilities, but the consequences will be costly.
( 25
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Estate planning goes beyond drafting a will. Use this pre-death checklist to account for your assets and ensure they are dispersed as you wish,
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A retainer fee is an amount of money paid upfront to secure the services of a lawyer, consultant, freelancer, or other professional.
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A bank reconciliation statement summarizes banking activity, allowing individuals and companies to compare their own records with the bank’s records.
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The Hersey-Blanchard Model suggests there is no single leadership style that is better than another.
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When scanning the financial advisor landscape, a financial advisor and a financial planner are both very broad categories. Here are the differences.
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A chart of accounts (COA) is a document that organizes a company’s financial transactions by category and line item to make accessing financial information easier.
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Control of well insurance covers some or all of the costs associated with a well blowout.
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Cemex, Albermarle, and Snowline Gold lead for value, growth, and momentum, respectively.
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Screening at the Tribeca Film Festival June 2023, the documentary follows the multi-million dollar rise and fall of crypto-influencer Glauber Contessoto.
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Delisting is the removal of a security from a stock exchange.
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Understand how to calculate the internal rate of return (IRR) in Excel and how it's used to determine anticipated yield per dollar of capital investment.
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Learn how a simplified employer pension (SEP) IRA works. Find out who qualifies to participate and what advantages it offers for retirement planning.
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Deutsche Bank says they've gone from "cautiously optimistic to decisively bullish on new residential construction"
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Estate planning goes beyond drafting a will. Use this pre-death checklist to account for your assets and ensure they are dispersed as you wish,
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Robert Cohen says the SEC's selective enforcement is having a "real impact on real people and real businesses.”
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It's where we highlight the key stories in the week that was (Apple Vision Pro, anyone?) and other goings on around the TC universe, like the analyses on TC+, our premium subscription service, plus TechCrunch's growing collection of podcasts. It's an embarrassment of content, if I do say so myself -- and hopefully a welcome reprieve for those on the East Coast who've been inundated with smoke from the Canadian wildfires. Apple Vision Pro: TC's intrepid editor-in-chief, Matthew, went hands-on with the Vision Pro, Apple's first attempt at an augmented reality (AR) headset, announced at the company's annual Worldwide Developers Conference (WWDC) keynote -- and came away impressed.
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(Bloomberg) -- The risks for bond investors from next week’s Federal Reserve meeting go well beyond whether officials decide to raise interest rates again.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsSmoky Air Returning to NYC, US Northeast After a Brief ReprieveFor
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It was a relentless week of enforcement actions by the SEC against crypto’s major players.
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WHO IS CRISPIN ODEY AND ODEY ASSET MANAGEMENT? Odey, 64, founded his asset management firm in 1991. Odey Asset Management (OAM) is known for highly leveraged bets trading global equities, debt, currencies and commodities.
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Crispin Odey, the high-profile City financier and Conservative party donor, has been ousted from the hedge fund he founded following a string of sexual harassment claims.
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(Bloomberg) -- Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeSmoky Air Returning to NYC, US Northeast After a Brief ReprieveAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsNigeria’s secret police took the nation’s suspended central bank governor into custody, hours after he was removed by the nation’s new president
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The sneaker maker’s strategy seeks to shed excess product as inflation pinches consumers’ budgets.
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On Friday, UBS Chief Executive Sergio Ermotti hinted the takeover of Credit Suisse would close on Monday, the earliest expected date. UBS declined to comment, while Credit Suisse did not immediately respond to a Reuters request for comment.
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Chinese car makers including Chery have held talks with UK officials about manufacturing in Britain in a potential boost for the country’s under-pressure auto industry.
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(Bloomberg) -- Odey Asset Management has removed its founder Crispin Odey from the firm’s partnership in a stunning turn of events for the famed hedge fund manager who is facing fresh sexual assault allegations. Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsSmoky Air
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Hedge fund manager Crispin Odey is leaving Odey Asset Management's partnership following allegations of sexual misconduct, the firm's executive committee said in a statement on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Crispin Odey had sexually assaulted or harassed them over a 25-year period.
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While the onslaught of artificial intelligence (AI), specifically ChatGPT, has proven to be a sudden and bumpy transition, financial advisors – among many other industries – have eagerly begun trying to fit the technology into their practices. The AI chatbot has the … Continue reading → The post 60% of Financial Advisors Use or Are Interested in Using ChatGPT – 2023 Survey appeared first on SmartAsset Blog.
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Donating to charity isn't just a way to have a positive impact on society – it's also a savvy approach to reducing your tax liability. Schwab suggests people who donate to charity on an annual basis may want to consider … Continue reading → The post Schwab Says Lower Your Tax Bill By ‘Bunching' Your Charitable Deductions appeared first on SmartAsset Blog.
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Saving for retirement is one of the most important parts of securing your financial future. While programs like Social Security can help, they often aren't enough on their own. This is why it is crucial to have retirement savings of … Continue reading → The post How Long Will $800,000 Last in Retirement? appeared first on SmartAsset Blog.
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Impact investing is a strategy for using your money to create or affect positive change by investing in things that will do good in the future. ESG, on the other hand, is a framework for evaluating and selecting investments based … Continue reading → The post Impact Investing vs. ESG appeared first on SmartAsset Blog.
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When you're buying a home, a lot of pieces have to fall into place. You may come across unfamiliar terms, like escrow and title insurance. One such term is mortgage APR or annual percentage rate. Knowing how to get a … Continue reading → The post What Is a Mortgage APR? appeared first on SmartAsset Blog.
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Anyone who's ever put together furniture or hung a picture on a wall knows the difference between a screw and a nail. While they may look alike, they have distinct purposes and applications. The same can be said for an … Continue reading → The post IRA Transfer vs. Rollover: What's the Difference? appeared first on SmartAsset Blog.
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When you leave a job where you had a 401(k) it's important to understand what your options are for rolling over your tax-advantaged plan. Cashing out is another option but can result in significant taxes. Many choose to roll their … Continue reading → The post How to Roll Over Your 401(k) Into An Annuity appeared first on SmartAsset Blog.
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Managing your money never entirely stops, especially since retirement means living exclusively off of your assets and investments. That said, your involvement with your money can change considerably. After a life spent actively building your portfolio, choosing assets and trying … Continue reading → The post Do You Need a Financial Advisor After You Retire? appeared first on SmartAsset Blog.
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(Bloomberg) -- GameStop Corp.’s revolving leadership door and an unclear strategy to compete in the video-game retail industry has puzzled Wall Street analysts. For its legions of retail traders, however, what matters most is Ryan Cohen.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeThere’s More Trouble Coming for Regional Bank
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Employers are turning to young workers and raising wages to fill openings.
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Some things global mutual-fund managers in China can’t tell their bosses back home: how much they have invested in individual stocks, how their funds are doing and who their clients are.
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(Bloomberg) -- The world’s major central banks are approaching a critical juncture in their fight against inflation, with the route they ultimately choose set to impact the economy for years to come.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsSmoky Air Returning to
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Forget investing in infrastructure and earning a regulated rate of return. The utility business is getting more complicated, which creates opportunities.
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Cemex, Albermarle, and Snowline Gold lead for value, growth, and momentum, respectively.
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U.S. propane prices have dropped more than 50% over the past year despite record exports.
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(Bloomberg) -- Fresh trade data out of China added to evidence that the world’s second-largest economy is struggling for traction.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsSmoky Air Returning to NYC, US Northeast After a Brief ReprieveIn Germany, another decline i
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The CEO of Germany's largest defence contractor Rheinmetall said he expected a further boost to the company's stock market value due to the Ukraine war and increased defence spending in Europe. "A valuation of 17 billion euros is realistic for Rheinmetall over the medium term," he added. Rheinmetall's current stock valuation is about 10.5 billion euros, on 2022 operating income of 754 million euros.
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“Altcoins can crash this weekend even more as trading volumes are thin and market makers such as Binance have become less active,” one crypto firm warned.
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(Bloomberg) -- Smaller coins led a crypto selloff as a Securities and Exchange Commission crackdown on key digital-asset exchanges unnerved investors.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareDonald Trump Charged in Florida Over Secret Documents CaseTrump Tried to Hide Documents, Share Secrets, Indictment AllegesTesla Set for $3 Billion Boost From Ford, GM Charger DealsTokens including Sola
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(Bloomberg) -- British workers have missed out on a Europe-wide trend toward more leisure time and fewer hours on the job, compounding a miserable decade in which living standards stagnated.Most Read from BloombergOdey Sacked From His Hedge Fund Firm After Assault AllegationsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeThere’s More Trouble Coming for Regional Banks Smoky Air Returning to NYC, US Northeast Afte
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An unprecedented level of caution among importers likely to cause further declines in import volumes. The post Bullwhip effect cracking US imports’ peak season (again) appeared first on FreightWaves.
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TreeHouse Foods is the only major publicly traded pure play on increasingly popular private-label food products. The stock is cheap—but it might not stay that way for long.
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(Bloomberg) -- A concrete expanse the size of Monaco jutting off China’s southern coastline is the imposing centerpiece in Beijing’s efforts to slow its growing dependence on imported oil.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareTrump Tried to Hide Documents, Share Secrets, Indictment AllegesDonald Trump Charged in Florida Over Secret Documents CaseTesla Set for $3 Billion Boost From Ford,
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(Bloomberg) -- After being wrong-footed by a $1.5 trillion rout in Chinese stocks, some of Wall Street’s biggest banks are coming around to a less optimistic consensus. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareTrump Tried to Hide Documents, Share Secrets, Indictment AllegesWhat Trump’s Indictment Means for His 2024 Presidential Run
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Energieprijzen dalen weer en vaste contracten zijn terug: tijd om energieleveranciers met elkaar te vergelijken. Maar als je veel zonnestroom opwekt, zijn niet alleen de tarieven belangrijk. Je kunt ook besparen via de terugleververgoeding.
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De Duitse wapenfabrikant Rheinmetall verwacht de komende jaren flink meer waard te worden. De oorlog in Oekraïne zorgt voor een grote vraag naar munitie en pantservoertuigen, waardoor het bedrijf vorig jaar recordresultaten boekte. Volgens topman Armin Papperger kan de beurswaarde van Rheinmetall stijgen van 10,5 miljard euro naar 17 miljard euro.
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Een gebrek aan geschikt personeel kan de veiligheid in de luchtvaart dit zomerseizoen onder druk zetten. Daarvoor waarschuwt de Europese luchtvaartautoriteit EASA in een onlangs gepubliceerde veiligheidsupdate.
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May saw a narrow group of large-cap techs continue a rally driven by artificial intelligence, while the rest of the market worried about debt default. But June saw a big reversal: a debt deal and fading AI mania, and small-caps on top—for now.
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It’s fitting that the S&P 500 exited a 248-trading-day bear market—its longest since 1948—right as more stocks are beginning to join the party.
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Producers and users are looking to lock in low prices. Plus, investment newsletter commentary on China’s punk recovery, Europe’s brighter prospects, bank regulations, and a wedding-bell forecast.
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The Federal Reserve is likely to leave its policy rate unchanged in June. But don’t mistake a skip for an end to monetary tightening, so long as inflation persists.
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Here are some of the major companies whose stocks moved on the week’s news.
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Restaurant chain is the latest company to face backlash from some conservatives for supporting the LGBTQ+ community.
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The exchanges, targeted by the SEC for violating federal securities laws, have endured a significant wave of user withdrawals but managed to process transactions in an orderly fashion so far.
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Goldman Sachs says AI isn’t a bubble because it hasn’t raised earnings expectations more broadly. We investigate some nontech companies trying it out. Plus: the allure of mid-cap stocks.
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A U.S. stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession. For months, investors piled into a handful of megacap companies seen as safe bets in uncertain times, spurring a rally that has lifted the S&P 500 nearly 12% year-to-date, concentrated in a small group of stocks. As the U.S. economy holds up despite higher interest rates, fears of an imminent downturn are fading.
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Corporate executives are optimistic about the benefits of generative AI, according to a KPMG study, but it'll take time to implement.
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A bankruptcy judge rejected 3M’s use of chapter 11 to resolve the largest mass tort case in U.S. history, dismissing a “fatally premature” bankruptcy case filed by its military earplug manufacturing unit.
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There has been some debate about how long Molson Coors’ brands can benefit from the Bud Light brouhaha.
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(Bloomberg) -- The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year.Most Read from BloombergJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeAmericans
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(Bloomberg) -- Markets, Boaz Weinstein said this week, are “constantly wrong.” Telling which one is most astray right now has become the big challenge for investors facing conflicting signals across asset classes.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseUkraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayRussian Elite Is Souring on Putin’s Chances of Winning His WarWhat Trump’
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Nassim Taleb said crypto was less trustworthy than the Mafia.
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Here’s our weekly roundup of the week’s most-read articles at Barron’s Advisor.
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Tech stocks are on track for their longest winning streak since 2019. Options traders are doubling down.
Some of the most actively t
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Former Palo Alto Networks CEO Mark D. McLaughlin just bought $300,000 of shares of cloud-software firm Snowflake.
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Piper Sandler analyst Rob Owens raised his ServiceNow price target to $600 from $525 and reaffirmed his Overweight rating on the stock.
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The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.
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Nike had severed ties with wholesalers as it carved out its direct-to-consumer strategy.
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(Bloomberg) -- Bank of America Corp.’s Savita Subramanian is not only calling a formal finale to the bear market that has plagued US stocks, she’s also saying equities have room to keep rallying.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareTrump Tried to Hide Documents, Share Secrets, Indictment AllegesDonald Trump Charged in Florida Over Secret Documents CaseTesla Set for $3 Billion Boost Fro
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The remote work trend has experienced an unprecedented surge in recent years. Workers enjoy the flexibility in managing their schedules and reduced commuting stress while companies get access to a broader talent pool as they can hire people from anywhere in the world. But former PayPal Holdings Inc. executive David Sacks is not a fan of work-from-home (WFH) policies. “It’s time to admit that remote work doesn’t work,” he said in a recent tweet. “WFH Friday is a four-day work week. Full WFH is a
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The auto maker caught a downgrade earlier in the week because competition will make life difficult for the start-up.
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min )
(Bloomberg) -- Beyond Meat Inc.’s 20% jump Thursday stung traders betting against the fake-meat company and set them up for a short squeeze that could lead to even steeper losses. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseUkraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayRussian Elite Is Souring on Putin’s Chances of Winning His WarWhat Trump’s Indictment Means for His 2024 P
( 7
min )
A new bull market for the S&P 500 has started. Investors don't want to miss out on bigger gains ahead.
Various sentiment measures suggest investors are warming up to the stock market again.
The share of individuals [who say they are bullish](https://www.wsj.com/livecoverage/stock-market-today-do
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There’s more to a stock’s cash returns than just the dividend, such as buybacks and debt paydowns. Together, they’re known as shareholder yield.
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The restaurant and gift store chain has gotten caught up in the uproar over woke culture.
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min )
Bond yields are starting a secular climb after falling from 1981 to 2021, say two Wall Street legends. What it all means for investors.
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min )
Rapid advances might reshape the technological playing field, while ultimately boosting overall economic growth.
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min )
Bank of America's high-net-worth clients are making big bets on Japan.
The bank said its private clients, who together have about $3.1 trillion in assets under management, have been predominantly buying [Japanese stocks](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-06-2023/card/
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Shares of DocuSign turned lower after the online document signing service warned about customer demand.
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Wells Fargo analyst Michael Turrin downgraded the stock to Equal Weight from Overweight.
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↗️ DocuSign (DOCU): Shares rose 2.2% in early trading after the e-signature company posted its second consecutive profitable quarter amid a turnaround effort.
↗️
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Wedbush analyst Dan Ives raises his price target on Tesla stock to $300 a share from $215. He rates shares a Buy.
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min )
A Goldman executive who runs a big piece of its consumer business is going on leave.
Stephanie Cohen, who oversees Goldman's credit-card partnerships with Apple and General Motors and consumer lender GreenSky, told employees Friday morning that she’s taking time away from work to focus on her famil
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min )
DocuSign shares rise after the e-signature company boosts its fiscal-year outlook, General Motors says its electric vehicles will be able to access Tesla's supercharging network, Tesla stock has closed higher for 10 straight sessions, and NIO's quarterly losses widen.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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Hafize Gaye Erkan’s appointment represents a possible return to more-orthodox economic policies.
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(Bloomberg) -- Some of the world’s largest investment banks have started distancing themselves from hedge fund manager Crispin Odey, hours after the publication of fresh allegations of sexual assault against women over several decades. Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseLeaving New York for Miami Can Save Nearly $200,000S&P 500 E
( 8
min )
(Bloomberg) -- The widening disconnect between stocks and bonds suggests a 20% downside risk for equities if bonds are proved correct in pricing inflation volatility, according to modeling by JPMorgan Chase & Co. strategists.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsRussian Elite Is Souring on Putin’s Chances of Winning His WarDonald Trump Charged in Florida Over Secret Documents CaseLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull
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min )
Crypto exchange Binance.US said on Thursday it is stopping U.S. dollar deposits and users will soon not be able to withdraw dollars from the exchange, after U.S. financial regulators said they supported freezing Binance's assets. Binance.US said in the customer notice that it would no longer accept dollar deposits as part of plans to change to a "crypto-only exchange". On Monday, the U.S. Securities and Exchange Commission (SEC) sued Binance, its founder and CEO Changpeng Zhao, and the operator of its U.S. exchange.
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There are pros and cons when deciding whether to build or buy a new home.
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Volume should inform your use of the open interest indicator in confirming trends and reversals in both the futures and options markets.
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Greenspan put was the moniker given to the policies implemented by former Fed Chair Alan Greenspan that halted excessive stock market declines.
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min )
The Macroeconomic Stabilization Fund (FEM) was established by Venezuela to stabilize cash flow from oil production.
( 20
min )
The Dow Jones Industrial Average ticked up about 0.1%, or 44 points, on below-average volume as investors await next week's inflation reading and an interest rate decision from the Federal Reserve.
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min )
Learn about the main benefits of cost accounting systems, how they differ from financial accounting, and why they are important to businesses.
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min )
Sonoma Pharmaceuticals shares jumped 44% on Friday after the company unveiled a product that could replace IV bags for some surgeries.
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min )
Commercial real estate is property used for business purposes rather than as a living space. It includes offices, industrial units, rentals, and retail.
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Markets posted a winning day on Friday, June 9, 2023, to top off a winning week on optimism the Fed may pause its interest rate hike cycle next week.
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The Dow Jones Global Titans 50 Index launched in 1999, consisting of 50 of the largest multinational corporations in the world.
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Navient no longer services federal loans and former loans have likely been transferred to Aidvantage. Read our full Navient review to learn more.
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DOJ said that Russian nationals were allegedly responsible for hacking cryptocurrency exchange Mt. Gox in 2011, laundering bitcoin from the hack, and operating an illicit crypto exchange of their own.
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DISH Network shares fell on Friday following a report that it's looking to sell assets to pay for its 5G rollout by the end of the month.
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How entrepreneurs and the Sharks value a business likely takes into account present value, future value, the value of companies similar to it, and risk.
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Investors usually consider the geometric mean a more accurate measure of portfolio performance than the arithmetic mean because it accounts for compounding. Learn more.
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The Federal Trade Readjustment Allowance was income assistance for those who exhausted unemployment compensation and whose jobs were affected by foreign trade.
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Find out when a letter of intent (LOI) is binding and non-binding. Understand the role of drafting language, and when an LOI is treated like a contract.
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Discover the American Funds Investment Company of America (AIVSX), a growth and income fund with an 85-plus-year history of providing consistent returns.
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A divestiture is the disposal of a business unit through sale, exchange, closure, or bankruptcy.
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The Australian Securities and Investments Commission (ASIC) is the regulator of Australia's markets and financial services.
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General Motors has joined Ford in announcing a partnership with Tesla to use its charging stations, in a boost to EV adoption and Tesla.
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Each investment product has specific risks that come with it, while some risks are inherent in every investment.
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Markets were little changed at midday on Friday, June 9, 2023, while Tesla, GM, and Ford shares advanced after GM joined Ford in a deal for its EVs to use Tesla chargers.
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Superstar footballer Lionel Messi announced Wednesday he intends to play for Inter Miami, turning down offers from Barcelona and Saudi Arabia. Messi is the world's second highest-paid athlete and has earned over $1 billion from endorsement deals, real estate, and sports.
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Whether your goal is simplicity, saving money, or an alternative lifestyle, a tiny house (100 to 400 square feet) could be the solution.
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A home equity conversion mortgage (HECM) is a type of Federal Housing Administration (FHA) insured reverse mortgage.
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Netflix subscriptions soared in the U.S. after the streaming service's recent crackdown on password sharing.
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Robinhood has decided to delist three crypto assets that were referred to as securities in the U.S. SEC lawsuits against Binance and Coinbase.
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Shares of DocuSign turned lower after the online document signing service warned about customer demand.
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Tangible assets are physical assets that are used in a company's operations. Intangible assets are nonphysical, long-term intellectual property assets.
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They're two different things, but the money you save in a retirement account can be invested in mutual funds. In fact, it's a good idea.
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Capital goods are tangible assets such as buildings, machinery, and equipment used to produce consumer goods or services.
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Cost of funds refers to the interest rate paid by financial institutions for the funds that they deploy in their business. Learn how the cost of funds is used.
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Rates on 30-year mortgages remained flat at 7.22% on Thursday after a slight dip the day before. Other rates were mixed, with the jumbo 30-year rate dropping back to 6.27%.
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The Kuwait Investment Authority is a government-owned corporation responsible for managing the sovereign wealth fund of Kuwait.
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Form 1040-X is used by taxpayers who need to amend an error in a previously filed annual federal tax return.
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A bull market is a financial market in which prices are rising or are expected to rise.
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Reporting revenue is a critical and often complex problem for accountants, so they must determine daily the differences between gross and net revenue.
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A yield curve is a line that plots the interest rates, at a set point in time, of bonds having equal credit quality but differing maturity dates.
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Investors at times have concerns about the dollar's vulnerability, but a review of the dollar's strengths and weaknesses suggests that a currency crisis is unlikely.
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Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. Interest can be classified as simple interest or compound interest.
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Countries attempt to balance interest rates and inflation, but the interrelationship between the two is complex and can influence exchange rates.
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The CAMELS rating system is a bank-rating method in which banks are rated on capital adequacy, asset quality, management, earnings, liquidity, and sensitivity,
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Find out how to avoid becoming a victim of consumer fraud by knowing about these common scams.
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Europa is druk bezig met plannen om je straks sneller door het continent te laten reizen. Daarbij wordt vooral ingezet op nachttreinen. De Europese Unie start in 2025 pilots om het internationale treinnetwerk uit te breiden. Ook voor de Nederlandse reiziger is dat goed nieuws.
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De gasprijs is vrijdag omhooggeschoten tot ruim boven de 30 euro per megawattuur. Het is de tweede prijssprong in korte tijd. Eerder deze week werd gas op één dag al 20 procent duurder.
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min )
Klanten kunnen bij Jumbo weer M&M's, Mars-repen, Kitkat en Whiskas-kattenvoeding kopen. De supermarktketen heeft met fabrikanten Mars en Nestlé nieuwe afspraken gemaakt over de levering van deze producten.
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Bedrijven die eten en drinken produceren, moeten van de Franse regering hun prijzen verlagen. Dit moet de pijn van de inflatie verzachten voor de Franse consument. Volgens het kabinet hebben de bedrijven waar het om gaat beloofd mee te werken. Als ze dat niet doen, worden hun namen bekendgemaakt.
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De gemeente Utrecht verbiedt de komst van nieuwe tabakszaken. Daarmee wil wethouder Eelco Eerenberg (Volksgezondheid) voorkomen dat ondernemers in het gat springen dat achterblijft als sigaretten niet meer in de supermarkt verkocht mogen worden.
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De NS moet zijn personeel onregelmatigheidstoeslag gaan betalen over alle vakantiedagen. Door deze uitspraak van de Hoge Raad krijgen zo'n elfduizend werknemers meer geld tijdens hun bovenwettelijke verlofdagen.
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De maandelijkse energierekening ligt nu gemiddeld dertig euro lager dan tijdens de piek afgelopen december, blijkt uit een analyse van ING. Het prijsplafond en de lagere tarieven zijn eindelijk voelbaar in de portemonnee van de consument.
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De maandelijkse energierekening ligt nu gemiddeld dertig euro lager dan tijdens de piek afgelopen december, blijkt uit een analyse van ING. Het prijsplafond en de lagere energietarieven zijn eindelijk voelbaar in de portemonnee van de consument.
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Een jongen die onder meer aan een sojafles likte in een Japans restaurant en zijn actie liet filmen, kan een gepeperde rekening verwachten. Sushiketen Sushiro eist namelijk een forse schadevergoeding van de 'sushiterrorist' voor de dalende omzet.
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Alle zes bedrijven die bagage op Schiphol afhandelen, hangt een boete boven het hoofd. De fysieke belasting is gevaarlijk voor hun medewerkers, oordeelt de Arbeidsinspectie. Kun jij ons meer vertellen over dit zware werk? En heb jij ideeën voor oplossingen?
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Omdat de zon in mei volop scheen, zijn Nederlanders weer aan het tuinieren geslagen. Bij veiling FloraHolland was de omzet aan verhandelde tuinplanten 22,5 procent hoger dan vorig jaar. Vooral petunia's, hortensia's en geraniums waren populair.
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De Verenigde Staten en het Verenigd Koninkrijk gaan economisch nauwer samenwerken. Met de zogenoemde Atlantische Verklaring willen ze Rusland en China meer tegenwicht bieden.
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Een jongen die onder meer aan een sojafles likte in een Japans restaurant en zijn actie liet filmen, kan een gepeperde rekening verwachten. Sushiketen Sushiro eist namelijk een forse schadevergoeding van de 'sushiterrorist' voor de dalende omzet.
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Wie straks een burgertje wil uitzoeken in de Lidl kan straks in één handbeweging voor de vegetarische variant kiezen. De discounter gaat de vier best lopende vleesvervangers namelijk direct naast het vlees leggen in de koeling.
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Het ziekteverzuim op de werkvloer lag in het eerste kwartaal van 2023 beduidend lager dan een jaar eerder. In alle bedrijfstakken daalde het aantal dagen dat medewerkers zich ziek meldden.
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De Participatiewet, die sinds 2015 de bijstand regelt, heeft een te grote focus op betaald werk. Daardoor krijgen bijstandsgerechtigden niet altijd voldoende hulp bij hun problemen, concludeert het Sociaal en Cultureel Planbureau (SCP) in een nieuw onderzoek.
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Nederlanders sluiten de laatste tijd weer veel energiecontracten af waarin de tarieven voor langere tijd vastliggen. Vooral de jaarcontracten doen het goed, merkt vergelijkingssite Independer. Ook Eneco en Essent zien dat veel mensen op zoek zijn naar zekerheid.
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Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency or standard.
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A cut-off score is a minimum credit score an individual may need to get a loan or other form of credit from a particular lender.
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Savings account rates are at record highs, giving you multiple options that earn more than 5%, including a top nationwide rate of 5.12% APY.
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Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
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State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
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Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
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If you’re looking for a flexible way to earn more interest on your savings, Fidelity Investment’s Cash Management Account offers a modest APY and unique perks worth considering.
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Markets rose, led by tech stocks, on expectations the Fed may pause raising interest rates at its meeting next week.
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A rare pair of Air Jordan sneakers that are an iconic part of basketball history are up for auction and likely to fetch more than $1 million.
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An amortized loan is a loan with scheduled periodic payments of both principal and interest, initially paying more interest than principal until eventually that ratio is reversed.
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Learn more about the top 10 countries that have the most disposable income per capita.
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Despite muted trading volumes, the Dow Jones Industrial Average rose 0.5%, or 169 points, as investors digested data that suggested rising interest rates may finally be hitting the labor market.
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A covenant is a commitment in a bond or other formal debt agreement that certain activities will or will not be undertaken.
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More and more alternative lenders have emerged for business owners. But beware: Some offer better terms than others.
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Earning the CFA certification can be a grueling process. Before you commit, read what it takes to become a CFA and how it could benefit your career.
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Ever since world currencies abandoned the gold standard, many currency devaluation events have sent disruptive ripples across the globe.
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More than two-third of potential homebuyers say they would be sidelined if the Federal Reserve continues to hike interest rates and a lack of homes on the market push prices higher.
( 16
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The amount of power produced from Q1 solar installations in the U.S. was up 47% from 2022, setting an all-time Q1 high as delayed projects came online.
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A homeowner association (HOA) makes and enforces rules for a subdivision, planned community, or condominium building; its members are residents.
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An invoice records itemized transactions and is used for expense management and bookkeeping.
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Carvana shares surged to their highest level in more than eight months after the company said its cost-cutting moves are working, and raised its current quarter guidance.
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min )
Light & Wonder, Rivian Automotive, and MINISO Group Holding are the top consumer discretionary stocks for best value, fastest growth, and most momentum, respectively.
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Financing is the process of providing funds for business activities, making purchases, or investing.
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Turnkey properties can make sense for people who want a real estate investment without truly being in the real estate business.
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Monopolistic competition exists when many companies offer competitive products or services that are similar, but not exact, substitutes.
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Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver.
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Far too many novice house flippers overlook the basics and end up failing. These are the five biggest mistakes that would-be flippers make.
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Hire purchase agreements allow buyers to purchase expensive goods, but they don't own the goods until the last installment has been paid.
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A payment gateway is the front-end technology that reads payment cards and sends customer information to the merchant acquiring bank for processing.
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Just days after suing some of the largest crypto exchanges in the world, SEC chief Gary Gensler was scathing in his criticism of crypto firms, saying that they are subject to U.S. securities laws.
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Research shows that companies with socially inclusive, LGBTQ+-friendly policies have stronger employee retention and improved share performance.
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The envelope budgeting system is designed to make it easier to track cash spending each month. Learn how it works.
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Stitch Labs, Weebly, Verse Technologies, Eloquent Labs, and Third Party Trade are all major companies owned by Square (Block).
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Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. Learn how it impacts trade.
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"Discount rate" has two distinct definitions. It can refer to the interest rate the Federal Reserve charges banks for short-term loans, but it's also used in future cash flow analysis.
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U.S. equities gained at midday on Thursday, June 8, 2023, boosted by tech stocks after a greater-than-expected rise in weekly unemployment claims raised speculation the Fed might pause raising interest rates to fight inflation.
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As office leases expire, tenants will downsize, leaving landlords unable to pay mortgages.
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The International Petroleum Investment Company (IPIC) is an investment organization that manages the wealth fund for Abu Dhabi, United Arab Emirates.
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Rates on 30-year mortgages dipped slightly, keeping them wavering in a narrow range over the last four days. Averages were also down or steady for almost every other loan type.
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An excess judgment loss is the additional amount that an insurer must pay above the policy limit.
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Signet Jewelers shares fell after it cut its guidance on slow Mother's Day sales and consumer caution.
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American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
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The Internal Revenue Service has apologized to taxpayers who were sent payment demands months ahead of schedule.
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A lender is an individual, a group, or a financial institution that lends funds with the expectation that the funds will be repaid.
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GameStop shares plunged after the electronics retailer fired CEO Matthew Furlong and named activist investor and board member Ryan Cohen as executive chair as sales fell.
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The Consumer Bankers Association (CBA) is a U.S. trade organization representing financial institutions offering retail lending products and services.
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A special economic zone is a designated area in a country that is subject to unique economic regulations that differ from other areas in the same country.
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Cal-Maine Foods is top for value and e.l.f. Beauty is top for growth and momentum, respectively
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Claims for unemployment insurance were made at a rate not seen since October 2021, signaling that the high-flying labor market may finally be losing altitude.
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U.S. savings bonds and certificates of deposit (CDs) are both safe investments that offer modest returns. Which one you choose depends on your time line.
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Ltd. is an abbreviation for "limited," a type of incorporation used in the United Kingdom, Ireland, Canada, and other Commonwealth countries.
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While the region's gross domestic product hit a statistically significant marker of a recession, economists have not yet sounded the alarm.
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New lease signings surged in May and listings were still historically low, putting pressure on rent prices in Manhattan, Queens and Brooklyn.
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Sampling is a process used in statistical analysis in which a group of observations are extracted from a larger population.
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An asset is a resource owned by an individual or business that provides present or future value.
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The Emergency Banking Act of 1933 was passed to restore investor confidence and stabilize banks in the wake of the Great Depression.
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Long market slump was especially painful for Americans saving for retirement, with their investments losing $3 trillion in value.
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(Bloomberg) -- The Bloomberg Invest conference resumed Thursday with some of the most influential leaders in finance gathering in New York for conversations on a wide range of topics, including artificial intelligence, cryptocurrencies and venture capital.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resume
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The e-signature company has cut jobs and changed leadership in response to slower growth.
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According to a translated copy of an internal memo, Binance's CEO said the leaked chat logs "did a lot of damage."
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The stock just missed finishing at a new 52-week closing on Thursday. There are a couple of reasons the shares have been gaining ground.
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(Bloomberg) -- Short sellers in Carvana Co. just passed a grim milestone: more than $1 billion in losses this year.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersA hot streak for the struggling used-car dealer has spelled only troub
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E-signature company DocuSign beat street estimates on every metric. The company raised full-year guidance.
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Yet another big tech baron is beckoning workers back to the office. Now Google is doubling down on enforcing in-person work, according to a new company notice.
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The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low. WHY IT IS CALLED A BULL MARKET? Wall Street’s nickname for a surging stock market is a bull market because bulls charge, said Sam Stovall, chief investment strategist at CFRA.
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Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of this method. “Reports like this only serve to further fuel the view that the government is working behind the scenes to undermine our dairy and livestock sectors,” said Tim Cullinan, president of the Irish Farmers’ Association. It also
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Mexican-style lager Modelo Especial outsold the popular Anheuser-Busch last month, new sales data shows.
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(Bloomberg) -- The US Securities and Exchange Commission asked a federal court for permission to use “alternative means” to serve papers to Binance Holding Ltd. and Changpeng Zhao, noting that the crypto executive is “famously protective of revealing his whereabouts.”Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersLeaving New York for Miami Can
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Warren Buffett, the brilliant billionaire investor renowned for his frugality and investment genius, has proven time and again that his wisdom extends far beyond the realm of finance. Recently, Buffett offered direct advice to introverts seeking to navigate the fast-paced and often extrovert-centric business landscape, shedding light on his own experiences and the strategies he employed to overcome obstacles. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Sta
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Costumed retreats and ‘vibe managers’ ignore the fact that offices aren’t supposed to be fun
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ARK Invest’s CEO said that the SEC’s prompt action against Coinbase following the Binance lawsuit was “unfortunate.”
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min )
Microsoft, Nvidia, AMD, Meta Platforms, and Alphabet stocks have surged. They aren't in bubble territory, however, when considering valuations relative to historical data.
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The electric-vehicle maker, which needs cash for the production of trucks, extends voting to July.
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TD Cowen analyst Matthew Ramsay says chips within phones, such as those the company makes, could handle some of the processing for AI queries.
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Donald Trump on Thursday asked for a new trial in the civil case brought by E. Jean Carroll, in which a Manhattan jury last month found the former U.S. president liable for sexually abusing and defaming the writer and awarded her $5 million in damages. In a filing in Manhattan federal court, Trump's lawyers said the jury's $2 million award for the sexual abuse portion of the verdict was "excessive" because the jury had found that Carroll was not raped, and that the conduct Carroll alleged did not cause any diagnosed mental injury. A lawyer for Carroll had no immediate comment.
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BERLIN (Reuters) -Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the SuperReturn industry event, saying she wanted to learn the secrets of investing having set up her own fund last year. Talking about her ambitions, Kardashian, whose empire spans skincare and underwear, sought what she called the "magic sauce" or special qualities of founders of companies which her fund, that has yet to make an investment, could back.
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The Supreme Court said the distiller of Jack Daniel’s whiskey could pursue a trademark claim against the maker of Bad Spaniels, a dog toy resembling a famous liquor bottle.
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A year ago, Google greeted staff members coming back to the office for the first time with a lavish party.
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The online used-car retailer says its cost-cutting efforts are taking hold.
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U.S. crude prices fell nearly 5% Thursday after a report of U.S.-Iran talks on a temporary nuclear deal that would allow the Islamic Republic to export more crude.
Middle East Eye reported that the countries are [nearing a stopgap agreement](https://www.middleeasteye.net/news/iran-us-nuclear-near-i
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Research firm Energy Aspects is slashing its oil price forecast by $15 a barrel for the second half of the year, citing three factors that don't ordinarily play a major role in the game of predicting crude's direction.
According to Energy Aspects' report out today:
Higher rates: Interest r
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min )
Tesla stock is on pace for its 10th consecutive gain. Here's one reason why the shares are on fire.
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(Bloomberg) -- The unwinding of balance sheets by major central banks will soon begin to bite, causing a massive siphoning of liquidity from markets, hitting risk assets while driving bond yields and the dollar higher, according to BNP Paribas SA.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseLeaving New York for Miami Can Save Nearly $200,0
( 7
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Shares of Tesla just keep on rising.
The electric automaker's stock, recently up nearly 4% to about $232, is on track to finish higher for a tenth straight session, according to Dow Jones Market Data.
That would represent its longest winning streak since an 11-session run that ended in January 202
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The stock market has climbed a wall of worry to start the year and is nearing a bull market. Now the fun part begins. It’s time to enjoy a new bull market.
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"I'm extremely excited. I think that this is a the greatest revolution—bigger than the internet revolution," said famed investor Dalio, who founded Bridgewater Associates.
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min )
Sara Devereux, head of fixed income at Vanguard, oversees a unit with more that $2 trillion in assets. Her take on Treasuries, corporates, munis, and more.
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Last summer, Elon Musk went on record describing lithium as ‘the new oil,’ pointing out that the light metallic element now forms a vital link in the automotive industry and supply chain. Lithium is an essential component of modern rechargeable battery technology and is found in everything from smartphones and tablets to laptop computers to electric-powered bicycles and automobiles. That last application, to electric vehicles (EVs), is a rapidly growing niche, as both political and social incent
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min )
Lower market values make companies vulnerable to being bounced from the key index.
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(Bloomberg) -- Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the struggling company said its operations are improving in the second quarter.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsRay Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’Messi Spurns $400 Million Saudi Offer to Join B
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min )
There are different financial vehicles that you can use to save for retirement. A Roth individual retirement account is one option; an annuity is another. A Roth IRA annuity combines features of both into a single financial tool. You can … Continue reading → The post Using a Roth IRA Annuity for Retirement appeared first on SmartAsset Blog.
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With smart money management, retiring at 55 years old with $6 million could be a breeze. But a lot of work has to go into the strategies you make and the actions that you take. That also includes how you … Continue reading → The post Is $6 million Enough to Retire at 55? appeared first on SmartAsset Blog.
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Carvana now anticipates to achieve second-quarter adjusted Ebitda of $50 million.
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min )
FuelCell reports a second-quarter loss of 9 cents a share on revenue of $38.3 million.
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min )
Wolfe Research analyst Shreyas Patil downgraded shares of EV start-up Fisker to Sell from Hold, Thursday, according to stock market ratings aggregators. His price target for the stock is $6.
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min )
The start-up, which makes trucks powered by battery and hydrogen fuel cells, wants to issue more shares, a necessary precursor to raising more capital.
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min )
A new CEO is set to join the chip supplier which analysts say could result in aggressive actions around costs leading to a turnaround.
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min )
(Bloomberg) -- The artificial intelligence hype that has propelled US technology stocks in the past few weeks is showing signs of fatigue.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersTech is the worst-performing industry group in
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min )
Google would also allow a full-time remote arrangement only in exceptional cases, the tech giant said.
( 9
min )
(Bloomberg) -- Bonds are slumping from the US to Australia as early hawkish signs from this month’s slew of central-bank meetings spurred traders to renew bets on an extended interest-rate hiking cycle. Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023Tech Stocks Sputter as Traders Consider July Hike: Markets WrapFlights to LaGuardia Airport Grounded as Smoke Blankets NYCMessi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiDam Destroyed in the Dead
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min )
Oil producers Devon Energy and Marathon Oil stand to gain as their operational costs ease, says Citigroup.
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min )
Sara Devereux, head of fixed income at Vanguard, oversees a unit with more that $2 trillion in assets. Her take on Treasuries, corporates, munis, and more.
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min )
Gold prices climbed more than 1% on Thursday as the dollar and bond yields slipped after data showed U.S. weekly jobless claims surged last week, cementing expectations that the Federal Reserve will pause its interest rate hiking cycle. Spot gold rose 1.4% to $1,967 per ounce by 12:03 p.m. EDT (1603 GMT). The number of Americans filing new claims for unemployment benefits surged last week, suggesting that the labour market was slowing amid mounting risks of a recession.
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(Bloomberg) -- Investors look set to pile into the copper market on an unprecedented scale in the next few years as usage surges in electric vehicles and renewable energy, according to Citigroup Inc.Most Read from BloombergMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsThese Are the World’s 20 Most Expensive Cities for Expats in 2023Messi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiBonds Everywhere Are Suffering as Rate-Hike Fears Swamp TradersFlights to LaGuardia Air
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(Bloomberg) -- A lawyer representing Charlie Javice accused the US of deploying “hide-the-ball” legal tactics in an effort to gain an advantage in its criminal prosecution of the Frank founder.Most Read from BloombergMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsThese Are the World’s 20 Most Expensive Cities for Expats in 2023Messi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiBonds Everywhere Are Suffering as Rate-Hike Fears Swamp TradersFlights to LaGuardia Airport G
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The company wants to issue more shares, a necessary precursor for raising more capital.
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Een op de tien volwassenen heeft te maken met opstapelende mentale problemen. Om hulp vragen kan moeilijk zijn, zeker als je niet weet waar je terechtkunt. NU.nl zet een aantal mogelijkheden op een rijtje.
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De term graaiflatie kun je niet zomaar op alle prijsstijgingen plakken, vindt minister Sigrid Kaag (Financiën). Volgens haar doet de term geen recht aan de werkelijkheid. De bewindsvrouw sluit niet uit dat er alsnog maatregelen komen om de inflatie te dempen.
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Prijzen aan de laadpaal voor elektrische auto's verschillen enorm per gemeente. Een strategische oplaadplek kan per maand meerdere tientjes schelen.
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Bedrijven in de Europese chipsector ontvangen de komende tijd 8,1 miljard euro voor tientallen verschillende projecten. Met het geld kunnen bedrijven zoals ASML innovaties ontwikkelen die van Europa een voorloper moeten maken op het gebied van chiptechnologie.
( 3
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Accountants kijken te oppervlakkig naar het risico op fraude bij bedrijven. Daardoor is de kans groot dat ze onregelmatigheden in de boekhouding over het hoofd zien, meldt toezichthouder AFM op basis van onderzoek.
( 3
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Wie een woning huurt van een corporatie betaalt vanaf juli gemiddeld 2,4 procent meer dan nu. Voor ongeveer 600.000 huishoudens gaat de huur juist omlaag, om ze te ontzien in tijden van hoge inflatie.
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Accountants kijken te oppervlakkig naar het risico op fraude bij bedrijven. Daardoor is de kans groot dat ze onregelmatigheden in de boekhouding over het hoofd zien, meldt toezichthouder AFM op basis van onderzoek.
( 3
min )
De ondernemingsraad (or) van autofabriek VDL Nedcar mag een geheim document van opdrachtgever BMW toch inzien. Het concern beëindigt het contract voor de bouw van MINI's in Born voortijdig en betaalt VDL daarom een afkoopbedrag. Nu kan de or nagaan of een groot deel van dat geld terechtkomt bij medewerkers die hun baan verliezen.
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Het Groningenveld gaat dit jaar mogelijk dicht. Maar hoe wordt een gasveld nou precies gesloten?
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Het beleggingsplatform BinckBank heeft een boete van een half miljoen euro gekregen. Waakhond AFM oordeelt dat BinckBank niet genoeg deed om te bepalen of haar klanten genoeg kennis van de beleggingsmarkt hadden.
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Alle zes bedrijven die bagage op Schiphol verplaatsen, hangt een boete boven het hoofd. De fysieke belasting voor medewerkers is gevaarlijk voor de medewerkers, oordeelt de Arbeidsinspectie. In maart bleek dat de bagageafhandelaars niet de nodige veranderingen hebben doorgevoerd.
( 3
min )
De economie van de landen met de euro is in het eerste drie maanden van dit jaar onverwacht in een recessie belandt. Volgens herziene cijfers van het Europese statistiekbureau Eurostat kromp de economie van het eurogebied met 0,1 procent ten opzichte van een kwartaal eerder. Ook wordt nu een krimp van 0,1 procent voor het vierde kwartaal van 2022 gemeld door het statistiekbureau.
( 3
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Voor het eerst in tien jaar is het aantal mensen dat zich zorgen maakt over de eigen financiële toekomst gestegen. Het gaat vooral om jongeren en alleenstaande ouders.
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De Nederlandse economie groeit dit jaar waarschijnlijk met 0,6 procent en in 2024 met 0,9 procent. Dat verwachten economen van de Rabobank ondanks de economische krimp in het eerste kwartaal.
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Wie vanwege een chronische ziekte of een beperking een traplift nodig heeft, moet straks mogelijk meer betalen. Het kabinet wil dat mensen met een beperking vanaf 2026 een inkomensafhankelijke bijdrage gaan leveren aan de zogeheten Wmo-voorzieningen. Mensen met een handicap reageren kritisch op de bezuiniging: "We leven al aan de rand van de maatschappij."
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min )
Chief Executive Matt Furlong is out at the videogame and consumer-electronics retailer.
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Tesla may face a class-action lawsuit after 240 Black factory workers in California described rampant racism and discrimination at the electric automaker’s San Francisco Bay Area plant, including frequent use of racial slurs and references to the manufacturing site as a plantation or slave ship. The testimonies filed Monday in Alameda County Superior Court comes from contractors and employees who worked on the production floor of the factory in Fremont, roughly 40 miles (65 kilometers) southeast of San Francisco. Lawyers suing Tesla, Inc. estimate at least 6,000 workers could be part of the class.
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China continued to amass gold, adding an additional 16 tons in May, while its foreign currency reserves fell, Bloomberg reported.
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(Bloomberg) -- The potential for a flood of US renewable projects driven by new tax incentives is at risk of “breaking” power markets by pushing electricity prices to negative levels, according to Wells Fargo.Most Read from BloombergMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsThese Are the World’s 20 Most Expensive Cities for Expats in 2023Messi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiFlights to LaGuardia Airport Grounded as Smoke Blankets NYCTech Stocks Sputte
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min )
Legislation to improve compeition among credit-card networks is set to be reintroduced in Congress.
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min )
Electric vehicle manufacturer Rivian is making a big move in Hayward, though it's not good news.
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min )
Billionaire investors are worried. Stanley Druckenmiller sees a "hard landing" on the way and bond king Jeffrey Gundlach is warning that economic indicators are now "full-on recessionary."
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min )
Do you love dividends? Of course you do — and rightly so! Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. Simply put, if you’re not investing in dividend stocks, you’re doing it wrong. Using the TipRanks platform, we’ve looked up two stocks that are offering dividends of at least 10% yield – that’s almost 6x higher the averag
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(Bloomberg) -- Billionaire Ray Dalio, founder of Bridgewater Associates, said the US is seeing stubbornly high inflation along with elevated real interest rates. Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023George Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailDam Destroyed in the Dead of Night Upstages Ukraine’s CounteroffensivePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfTech Stocks Sputter as Traders Up Rate
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If you're saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research … Continue reading → The post This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds appeared first on SmartAsset Blog.
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Oil prices have come down quite a bit from their 2022 peak. While that has prompted some traders to bet against the commodity, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has issued a stern warning for the short sellers. “I keep advising them that they will be ouching — they did ouch in April,” he said at the Qatar Economic Forum in May. And now OPEC+, which includes the Organization of the Petroleum Exporting Countries and its allies, has reached a deal to extend output cuts into
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Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion of client assets through a Seychelles-based firm set up to take customer deposits, a U.S. Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a U.S. court to freeze Binance's U.S. assets, came a day after the SEC sued Binance, its billionaire CEO Zhao, and the operator of its U.S. affiliate exchange, for allegedly operating a "web of deception."
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The outcome of Nikola’s bid to double the number of authorized shares in the company could determine its ability to survive. The post Critical vote count due in Nikola’s bid to stay in business appeared first on FreightWaves.
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With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought the agency’s help to properly register but were turned away.
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For years, the wealthiest investors and institutions have enjoyed exclusive access to lucrative investment opportunities, leaving retail investors with limited choices. Hedge funds like William Harnisch's Peconic Partners and Michael Burry’s Scion Asset Management produced total returns of 191.5% and 159.79%, respectively, over the past three years. The minimum investment required to participate in funds like these often ranges from $500,000 to $1 million. Retail investors, on the other hand, ha
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The conventional wisdom that value stocks are more vulnerable to an economic downturn is false, according to a new white paper from GMO.
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The government's qualifications are confusing. The best way to sort things out is to check the website fueleconomy.gov.
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Shares of Visa and Mastercard fell Wednesday after the Journal reported that lawmakers plan to re-up proposed legislation that would give merchants the power to process many credi
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min )
The retailer is expected to benefit from a wave of major blockbuster videogame releases, which started with Hogwarts Legacy in early February and continued with Star Wars Jedi: Survivor in late April.
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The software company beat first-quarter expectations and raised its full-year outlook, as it talked up its generative artificial intelligence prospects.
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The SEC chair's crusade against Coinbase and savvy politicking could mean the end of crypto companies in the U.S.
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Wedbush analyst Dan Ives raises his 12-month price target on the stock to $220 from $205.
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min )
Campbell Soup issues earnings guidance for its fiscal year below Wall Street estimates.
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A Wall Street analyst’s job requires in-depth knowledge of their subject, but in essence, the objective is simple – to find out which stocks investors should load up on or stay away from. As Goldman Sachs’ Director of Americas Equity Research Steven Kron recently put it, a sector analyst can “identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns.” Kron reckons this is especially true in the current market environment. He adds, “After a co
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When it comes to retirement savings, your age can have a major effect on things. Depending on which type of retirement account you have, your age may define both when you can access your funds and how much money you can … Continue reading → The post Age Limits for IRA Contributions appeared first on SmartAsset Blog.
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Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.
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Private letter rulings, commonly known as "guidances," are the bane of tax attorneys everywhere. They are very specific, vast in number and essential to understanding how tax law works. In brief, it's a written answer issued by the IRS to a … Continue reading → The post Understanding a Private Letter Ruling (PLR) appeared first on SmartAsset Blog.
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Estate taxes are a form of transfer tax that affects the very wealthy. For multimillionaire households, avoiding the estate tax is a significant issue. One tool that households can use to try to minimize their estate tax liability is the … Continue reading → The post How to Avoid Estate Taxes With Trusts appeared first on SmartAsset Blog.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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The electric vehicle start-up announced Tuesday it has agreements to sell regulatory credits generated by selling its EVs in the U.S.
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The streaming platform's paid sharing initiative will generate close to $6 billion in extra revenue in 2024 and 2025, J.P. Morgan estimates.
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(Bloomberg) -- The once-hot Wall Street trades of 2023 are all falling apart, in a fresh blow to market pros blindsided again and again ever since the pandemic broke out.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownNearly
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Coinbase shares rise modestly following a slump in the previous session after the SEC sued the cryptocurrency broker, Yext raises its fiscal-year revenue and profit guidance, and GameStop and Campbell Soup are scheduled to post quarterly earnings.
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China’s total trade with Russia has soared to levels not seen since the beginning of Vladimir Putin’s war in Ukraine, official data showed, as Beijing steps up support for its sanctions-hit ally.
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What insights did other CEOs gain from the prolonged Bud Light uproar? Apparently, not much.
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(Bloomberg) -- China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another
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min )
(Bloomberg) -- JPMorgan Asset Management is adding more Chinese stocks to its portfolio on bets that the market’s cheap valuation and the government’s support for the economy will bolster returns. Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening
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min )
Ivan Menezes is credited with growing the drinks company significantly since he became CEO in July 2013, with Diageo now selling around 200 brands in more than 180 markets.
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(Bloomberg) -- The bearish calls against Chinese equities are growing, but one top-performing fund says any further weakness is a chance to buy.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownChinese firms offer “pretty good
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Vodafone and CK Hutchison are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or next week, three sources have told Reuters. A spokeswoman for Hutchison declined to comment. Vodafone was not immediately available to comment.
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(Bloomberg) -- The pace of declines in the Turkish lira hastened in early Wednesday trading amid increasing signs that policy makers may be scaling back interventions to support the currency.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Cr
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min )
(Bloomberg) -- China posted robust commodities imports in May, defying stutters in the wider economy, as buyers took advantage of weaker international prices and energy importers stocked up ahead of peak demand in the summer.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinba
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For a brief period this spring, the housing market looked like it was out of the woods.
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The idea of Amazon as disrupter is nothing new. But this threat seems less serious.
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The U.S. government could face borrowing at rates near 6%, up from 0.1% less than two years ago.
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(Bloomberg) -- Cathie Wood’s funds boosted their holdings of Coinbase Global Inc. as shares slumped after the Securities and Exchange Commission accused the company of operating an unlawful exchange.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepeni
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min )
"The Cardboard Box Recession may be good news for inflation,"Charles Schwab said. "Inflation might just continue to recede as fast as it rose."
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min )
Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: insiders may sell shares for a range of reasons, but they only buy shares when they believe the price is going to rise. Keeping a close watch on insiders’ stock purchases can prove to be a profitable investment strategy. Corporate insiders, which include company officers and board members, possess valuable knowledge about company policies and performance
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Here are step-by-step instructions for filing a reimbursement claim for insurance on your pet.
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Fintech company Wealthfront launched an automated portfolio which aims to offer higher rates than simply investing in traditional bonds.
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Home equity loans are a great tool for homeowners looking for cash. But how are rates changing in a volatile economy?
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A head and shoulders pattern is an indicator that appears on a chart as a set of three peaks or troughs, with the center peak or trough representing the head.
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If you need to take distributions from your individual retirement account (IRA), learn what exceptions the IRS has to its 10% early withdrawal penalty fee.
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The Marriott School of Business is the business school of the Brigham Young University.
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Cost basis is the original value of an asset for tax purposes, adjusted for stock splits, dividends, and return of capital distributions.
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A natural monopoly is a monopoly that arises or would rise through natural conditions in a free market.
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A gauge of CEOs' short-term view of the economy fell amid concerns about inflation and rising interest rates.
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Campbell Soup shares sank after its full-year profit outlook was short of estimates and volumes declined as the company raised prices.
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Caterpillar and Goldman Sachs lead the Dow higher, while Salesforce drops on management shakeup.
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Markets closed mixed on Wednesday, June 7, 2023 as investors focused on the Fed's rate moves.
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Affordable housing can be an especially difficult challenge for low-income people with a disability.
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Total quality management (TQM) aims to hold all parties involved in the production process as accountable for the overall quality of the final product or service.
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The Porter Diamond Model is a model to explain the competitive advantage that nations or groups can develop based on certain factors.
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Both E*Trade and Fidelity have best-in-class features, educational resources, and trading tools, but if cost is your concern, then Fidelity is your best choice.
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The tragedy of the commons is an economic problem where the individual consumes a resource at the expense of society.
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We may not see a rate hike when the Federal Reserve has their next meeting, but it may just be a momentary reprieve.
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A systematic investment plan involves putting a consistent sum of money into an investment on a regular basis to take advantage of dollar-cost averaging.
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Shoppers in April faced fewer shipping delays, found fewer things out of stock, and had an easier time finding the things they need than the same month last year.
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Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
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Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
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A secondary market is a market where investors purchase securities or assets from other investors, rather than from issuing companies themselves.
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In the winter of 2021, Texas had days-long electricity blackouts due to power grid problems. What happened and how can they fix it going forward?
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Enel Chile, Capital Power, and Cadiz lead for value, growth, and momentum, respectively.
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Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.
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Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
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If you're self-employed, there are steps you can take to make yourself a more attractive loan candidate.
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Rates on 30-year mortgages are holding steady, after climbing an eighth of a point over the previous two days. But the 15-year and jumbo 30-year rate averages rose.
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Applications were 30% lower than one year ago, as buyers adjust to a higher rate environment, according to the Mortgage Bankers Association.
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U.S. equities were mixed at midday on Wednesday, June 7, 2023, as tech and communication stocks weighed on the major indexes.
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The U.S. Securities and Exchange Commission has filed an emergency action to freeze the assets of crypto exchange Binance.US to protect its customers.
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A 51% attack is an attack on a blockchain by a group of miners who control more than 50% of the network's mining hash rate, or computing power.
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Securitization pools assets and repackages them into interest-bearing securities.
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Stitch Fix beat estimates after implementing "tight cost controls," with more cost-cutting plans.
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min )
Dave & Buster's shares soared in early trading on Wednesday after reporting earnings and revenue records, with deals to add franchises in India and Australia.
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A pro forma invoice is a preliminary bill of sale sent to buyers that provides details about a shipment of goods in advance of its delivery and the final invoice.
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A retirement money market account is a money market account that is held by an individual within a retirement account such as an IRA. Learn more about how this type of account works.
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A chartered accountant (CA) designation is a credential granted to accounting professionals in countries around the world outside of the United States.
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min )
Cathie Wood's Ark Invest increased its stake in Coinbase despite an SEC lawsuit against the crypto firm.
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min )
Disbursement is the act of paying out or disbursing money, which can include money paid out for a loan, to run a business, or as dividend payments.
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With Novo Nordisk at the top of the list, these are the 10 biggest biotechnology companies by 12-month trailing revenue.
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The DuPont analysis is a framework for analyzing fundamental performance popularized by the DuPont Corporation.
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Changes in the prime rate don't directly impact rates that banks pay on certificates of deposit (CDs), but the two may both go up around the same time.
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min )
Credit score requirements for personal loans vary by lender, but borrowers with good or excellent credit typically have a better chance of qualifying for the best rates and terms.
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A bank identification number (BIN) is the initial set of four to six numbers on a credit card that identifies the institution.
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An account history is a record that keeps track of all activity within an account such as trades, purchases, and other transactions. Learn what's included.
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min )
Monetary policy involves decisions by central banks on issues such as interest rates. Fiscal policy typically is established legislatively and addresses issues such as tax rates and government spending.
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A probability distribution is a statistical function that describes possible values and likelihoods that a random variable can take within a given range.
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min )
While inventory improved from a year earlier, the growth rate slowed for a third straight month.
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min )
In an arm's length transaction, the buyer and seller act independently and have no relationship to each other.
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Most Americans think common fees charged by banks are unfair, and support government efforts to reduce or eliminate them, according to a poll.
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The Peter Principle theorizes that people in a firm will be promoted up to a point where they are no longer qualified, leaving a company full of incompetent employees.
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The Polish zloty is the national currency of Poland, issued by Narodowy Bank Polski. Learn about the zloty’s exchange rate and history.
( 23
min )
Voor het eerst in tien jaar is het aantal mensen dat zich zorgen maakt over zijn of haar financiële toekomst gestegen. Vooral jongeren en alleenstaande ouders maken zich zorgen.
( 3
min )
Vakbonden FNV en CNV hebben stakingen bij drie industriële bakkerijen afgeblazen. Daarmee worden supermarkten zoals Albert Heijn niet meer geraakt door broodtekorten. Maar plaatselijke bakkers zijn misschien wel de pineut.
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min )
Zoals het er nu naar uitziet, stopt de gaswinning uit het Groningenveld dit najaar volledig. Dat zei premier Mark Rutte woensdag in debat met de Tweede Kamer. Op dit moment wordt er nog een minimale hoeveelheid gas gewonnen, waardoor de putten open kunnen blijven.
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min )
De Europese Commissie (EC) heeft onaangekondigde bezoeken gedaan bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden. Er is onder andere een inval gedaan bij het Nederlandse bedrijf Ten Cate, bevestigt CEO Michael Vogel aan NU.nl.
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min )
De omzet van Nederlandse Loterij kwam afgelopen jaar op 6,5 miljard euro uit. Een jaar eerder was dat nog geen 3 miljard euro. De ruime verdubbeling van de inleg komt vooral doordat dit het eerste volle jaar was waarin online gokken meespeelde.
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min )
Zoals het er nu naar uitziet, stopt de gaswinning uit het Groningenveld dit najaar volledig. Dat zei premier Mark Rutte woensdag in debat met de Tweede Kamer. Op dit moment wordt er nog een minimale hoeveelheid gas gewonnen, waardoor de putten open kunnen blijven.
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min )
Bij vertraging krijgen claimende treinreizigers met een vrijreisabonnement vanaf deze week tot tientallen euro's minder terug. De vergoeding is niet meer op basis van de normale ritprijs, maar op basis van de abonnementskosten.
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Bij vertraging krijgen claimende treinreizigers met een vrijreisabonnement vanaf deze week tot tientallen euro's minder terug. De vergoeding is niet meer op basis van de normale ritprijs, maar op basis van de abonnementskosten.
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min )
De Europese Commissie (EC) heeft onaangekondigde bezoeken gedaan bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden. Er is onder andere een inval gedaan bij het Nederlandse bedrijf Ten Cate, bevestigt CEO Michael Vogel aan NU.nl.
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min )
De Europese Commissie (EC) brengt onaangekondigde bezoeken bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden.
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min )
Centralebankpresident Klaas Knot is bezorgd over loonsverhogingen van 10 procent of meer die de laatste tijd worden afgesproken bij cao-onderhandelingen. Daardoor kan het moeilijker worden om de inflatie tot bedaren te brengen, zo zei de DNB-president woensdag in de Tweede Kamer.
( 3
min )
De Autoriteit Persoonsgegevens (AP) heeft OpenAI in een brief gevraagd of AI-chatbot ChatGPT stiekem persoonsgegevens verzamelt. Ook wil de toezichthouder weten of de kunstmatige intelligentie achter de chatbot leert van wat gebruikers aan hem vragen.
( 3
min )
Duizenden medewerkers van sociale werkbedrijven hebben woensdag actiegevoerd voor een flinke loonsverhoging. Door de inflatie hebben ze steeds meer moeite om hun rekeningen te betalen. De werkgevers willen best over de brug komen, maar vinden dat het Rijk moet bijleggen.
( 3
min )
Het Amerikaanse bedrijf Bluestar Alliance heeft 60 miljoen euro betaald om het van oorsprong Amsterdamse kledingmerk Scotch & Soda een doorstart te laten maken. Dat meldt Het Financieele Dagblad (FD).
( 3
min )
Batman is als winnaar uit de strijd gekomen in een zaak over het logo van de superheld. Het Hof van Justitie van de Europese Unie vindt het Batman-logo onderscheidend genoeg om een beroep te mogen doen op bescherming als handelsmerk.
( 3
min )
Ongeveer driehonderd bakkers leggen morgen voor twee dagen het werk neer. Dat doen zij omdat er nog geen nieuwe cao is. Het gaat om personeel van Bakkerij Borgesius in Arnhem en Aalsmeer en Dutch Bakery in Eindhoven.
( 3
min )
Batman is als winnaar uit de strijd gekomen in een zaak over het logo van de superheld. Het Hof van Justitie van de Europese Unie vindt het Batman-logo onderscheidend genoeg om een beroep te mogen doen op bescherming als handelsmerk.
( 3
min )
Consumenten hebben vanwege de stijgende energiekosten vorig jaar meer geïnvesteerd in de verduurzaming van huishoudelijke apparaten. In 2022 was er meer vraag naar elektrische huishoudelijke apparaten met een A-label.
( 3
min )
Consumenten hebben vanwege de stijgende energiekosten vorig jaar meer geïnvesteerd in de verduurzaming van huishoudelijke apparaten. In 2022 was er meer vraag naar elektrische huishoudelijke apparaten met een A-label.
( 2
min )
De Turkse lira heeft woensdag een nieuw dieptepunt bereikt ten opzichte van de dollar en de euro. De munt verliest sinds de definitieve uitslag van de verkiezingen steeds meer terrein vanwege zorgen over de economische koers van Turkije.
( 3
min )
Boeing moet de levering van ongeveer negentig 787 Dreamliners uitstellen, omdat er bij de productie fouten zijn ontdekt. Het is een grote tegenvaller voor de Amerikaanse vliegtuigbouwer, die juist hard werkt om te voldoen aan de groeiende vraag naar zijn langeafstandsvliegtuigen.
( 3
min )
Zonnepaneelparken krijgen steeds vaker te maken met koperdieven, hoort de brancheorganisatie Holland Solar van haar leden. "Het begint echt een probleem te worden." De koperprijs ligt hoog, wat diefstal interessant maakt.
( 4
min )
Consumenten hebben in april iets meer besteed dan in dezelfde maand vorig jaar. Ze gaven vooral meer uit aan diensten, zoals verzekeringen, het openbaar vervoer en een bezoek aan een restaurant of de kapper.
( 3
min )
De vier grootste internetproviders van Nederland hebben sinds begin dit jaar forse prijsverhogingen aangekondigd of doorgevoerd. Ondanks de flinke prijsstijgingen is er volgens experts geen sprake van graaiflatie. Sterker nog, de winst van internetaanbieders staat onder druk.
( 4
min )
Boeing moet de levering van ongeveer negentig 787 Dreamliner-vliegtuigen uitstellen omdat er bij de productie fouten zijn ontdekt. Dat heeft de Amerikaanse vliegtuigbouwer laten weten. Voor Boeing gaat het om een tegenvaller aangezien het concern juist hard werkt om te voldoen aan de stijgende vraag naar zijn langeafstandsvliegtuigen.
( 3
min )
Boeing said Tuesday that deliveries of its 787 Dreamliner have been halted again by another manufacturing issue, the latest in a string of setbacks affecting the two-aisle jet. The company said it is inspecting fittings on part of the tail called the horizontal stabilizer “for a nonconforming condition.” The inspections and repairs will affect near-term deliveries but won’t alter the company’s forecast of deliveries for the full year.
( 7
min )
The “Shark Tank” star says today’s top digital asset firms are likely destined to live on only in history books.
( 8
min )
An unusual merger is sending shares of Topgolf Callaway Brands higher.
( 22
min )
The FAA said the plane maker notified regulators of the latest issue.
( 27
min )
Piper Sandler says there's opportunity in solar and heat pumps, too.
( 22
min )
If some of highest-flying tech stocks should start to lose steam, other sector stocks could step in to support the market rally.
( 22
min )
History suggests Schwab’s cash sorting woes should abate, but this time could be different, caution Bank of America analysts. Here’s why.
( 22
min )
(Bloomberg) -- The amount of money the US government had to pay its bills jumped on Monday to the highest level in two weeks as the Treasury rebuilds its cash pile in the wake of the Washington’s debt-ceiling suspension. Most Read from BloombergUkraine Dam Blast Blamed on Russia Tips War Into New PhasePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownApple Headset Looks Sleek in Person But Battery Pack Stands OutBrothers Fi
( 6
min )
(Bloomberg) -- Former International Monetary Fund chief economist Kenneth Rogoff sees interest rates heading higher in coming years, with the yield on the 10-year Treasury note averaging above 4% for the rest of the decade.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailSEC’s Coinbase Lawsuit Heralds Deepening US Crypto Crac
( 7
min )
Apple Inc has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S. military, the Verge reported, citing a post from Mira CEO's private Instagram account on Monday and a person familiar with the matter.
( 6
min )
Boeing said on Tuesday it is slowing deliveries of its 787 Dreamliner after the company discovered a new production flaw, but expressed optimism that it can still deliver 70-80 of the widebody jets this year as planned. The problem, which does not pose a flight safety concern, involves a fitting for the 787's horizontal stabilizer made by a Boeing production facility in Salt Lake City, Utah, the company said. Boeing will need to inspect all 90 Dreamliners in its inventory before they can be delivered, and it expects it will take two weeks to fix each aircraft, the company added.
( 7
min )
Wall Street’s impression of Vision Pro was lackluster.
( 8
min )
The CBOE Volatility Index, or VIX, which measures the expected volatility of the U.S. stock market, is on pace to close at the lowest level in more than three years.
The index was at 14.26, down 3.2% on Tuesday, nearing its February 2020 low.
The move points to a lack of major concerns in the stoc
( 22
min )
How much am I able to earn from an employer if I opt to take my Social Security at age 62 next year? – Glenn To be very clear, you can earn as much money as you want while collecting … Continue reading → The post Ask an Advisor: How Much Money Can I Earn Working After Taking Social Security at Age 62? appeared first on SmartAsset Blog.
( 8
min )
The wireless carrier snags an upgrade, but analysts still see plenty of reasons to be cautious.
( 22
min )
Shares of battery and hydrogen fuel-cell trucking firm Nikola hit a new 52-week intraday low on Tuesday. They have dropped more than 99% from their record high of almost $94.
( 22
min )
Move spurs calls to unionize.
( 6
min )
Piper Sandler analyst Alexander Potter has a $280 price target on Tesla stock, and the electric-vehicle business only accounts for $135 of it. There's opportunity in solar and heat pumps.
( 22
min )
If some of highest-flying tech stocks should start to lose steam, other sector stocks could step in to support the market rally.
( 22
min )
Investors hoping to get a good readout on where the markets might be heading – switch off now, as Billionaire Paul Singer has some bad news for you. The founder of Elliott Management – a firm with around $56 billion in assets under management – says the US economy is staring at an “extraordinarily dangerous and confusing period.” On top of the challenging macro environment, Singer cites high valuations, the prospects of paltry returns in real estate and financial assets and the “significant chan
( 10
min )
The short-seller alleged that the company fabricated its financials and criticized founder Dozy Mmobuosi's claims of having developed "the first mobile payment app in Nigeria". Tingo did not immediately respond to a Reuters request for comment. The New Jersey-based holding company operates in Africa, Southeast Asia and the Middle East, and its units have ventured into agri-fintech, food processing and insurance brokerage.
( 6
min )
The restaurant chain missed analysts' expectations for its third quarter. Guidance for the next three months also disappointed the Street.
( 22
min )
U.S. regulators have taken aim at the heart of the crypto sector with charges against two of the most influential digital asset exchanges this week.
( 22
min )
The retailer is still bullish on its robust store expansion plan, despite a slow start to the year.
( 8
min )
The future looks “a lot less dull and a lot less routine” and will rely plenty on human brain power, Joseph Fuller tells Fortune.
( 7
min )
A retirement home is a private facility that offers seniors care and support. These facilities typically have amenities and services that cater to the needs of seniors, including meal preparation, housekeeping, medical care and social activities. Here's a breakdown of … Continue reading → The post Retirement Home: Cost and Service Guide appeared first on SmartAsset Blog.
( 8
min )
The SEC on Tuesday charged the crypto broker with securities violations spanning years, taking aim at core elements of its business.
( 22
min )
Intel will sell shares worth around $1.4 billion of self-driving technology company Mobileye.
( 22
min )
The regulator said the U.S.’s largest crypto platform violated rules that require it to register as an exchange.
( 28
min )
The revenue benefit from the Vision Pro headset is likely to be “immaterial” in the short term, says one analyst, and the technology is unlikely to do anything to disrupt the iPhone.
( 22
min )
Shares of Coinbase fell 15% in premarket trading Tuesday after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law.
The SEC charged Coinbase for operating as an unregistered securities exchange, broker and clearing agency. The move comes a day after
( 20
min )
The investment bank forecast a decline of 10% or more for the S&P 500, citing high valuations and risks to corporate earnings.
( 22
min )
Shares in GitLab surged in premarket trading after the software company beat earnings expectations in its fiscal first quarter, provided upbeat guidance, and said customers were looking to its AI-powered platform
( 23
min )
The company reported fiscal first-quarter earnings late Monday, playing up its artificial intelligence credentials, and investors clearly liked what they heard.
( 22
min )
Saudi Arabia's plan to boost oil prices isn't working.
Oil prices slid Tuesday, erasing gains that followed a Saudi plan to slash output, as fears about weak global demand out
( 20
min )
Intel will sell shares worth around $1.4 billion of self-driving technology company Mobileye.
( 22
min )
Intervention by regulators into cryptocurrencies has historically benefited the industry, and this time could be the same, says one chief investment officer.
( 22
min )
In the nearly nine years since Apple CEO Tim Cook publicly came out as gay, three more openly LGBTQ CEOs helm Fortune 500 companies.
( 9
min )
The price of Bitcoin plunged after the world’s largest cryptocurrency exchange and its founder were accused of a “web of deception” by US regulators.
( 8
min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 20
min )
The revenue benefit from the Vision Pro headset is likely to be “immaterial” in the short term, says one analyst, and the technology is unlikely to do anything to disrupt the iPhone.
( 22
min )
European shares were range-bound on Tuesday as worries of further interest rate hikes by major central banks in the face of slowing economic growth countered support from healthcare giant Novo Nordisk. The pan-European STOXX 600 index inched 0.1% higher to 460.42 points. Danish drug developer Novo Nordisk rose 3.5%, as trading resumed following a holiday in Copenhagen on Monday.
( 7
min )
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. tempered its outlook for 2023 capital spending, as the main chipmaker to Apple Inc. grapples with soft demand for smartphone and computing chips.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the Best Real Estate Trades EverMorgan Stanley Expects a Shock
( 8
min )
Rocket Companies and Zillow just fell out of the Fortune 500. Here's why.
( 9
min )
(Bloomberg) -- Oil edged lower as traders weighed the outlook for supply and demand after Saudi Arabia’s surprise pledge for extra supply cuts.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the Best Real Estate Trades EverMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyWest Texas Intermediate
( 7
min )
After Farmers Group told staff last year they would be remote, some sold cars or moved cities. Now, the insurer’s new leader says, they must come to the office.
( 26
min )
The US economy is in an "extraordinarily dangerous and confusing" time, which will result in "a lengthy period of low returns," Paul Singer said.
( 6
min )
All top 10 non-stablecoin cryptocurrencies took a sharp fall Tuesday morning in Asia, after the SEC sued Binance over alleged securities violations.
( 7
min )
If there’s one way to describe the markets recently, that would be top-heavy. The mega-caps, the largest US companies, have been outperforming the broader indexes, and by their very size they are pulling the rest of the markets along. To give an idea of the scale, the three largest S&P-listed companies are Apple, Microsoft, and Alphabet; together, they have a combined market cap over $6.9 trillion and make up a big chunk of the S&P 500’s total value. That $6.9 trillion is a higher market cap tha
( 10
min )
Learn the difference between R-squared and adjusted R-squared and what each measures.
( 23
min )
An SBA loan may be an option for your business, but getting one might seem daunting. Find out what you need to qualify for an SBA loan.
( 23
min )
A spinoff is a new and independent company created through the distribution of shares in an existing division or business of a parent company to its shareholders.
( 24
min )
The Dow Jones Industrial Average finished the session essentially flat, with tech and financial stocks helping give the index a 0.03% boost.
( 17
min )
Markets rose modestly on Tuesday, June 6, 2023, as semiconductor and regional bank stocks gained.
( 16
min )
The applicable federal rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans.
( 20
min )
See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
( 19
min )
Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
( 20
min )
Robinhood hiked the interest rate for its best customers' uninvested cash balances to 4.65% APY. That's great for a brokerage cash account, but you can earn more elsewhere.
( 18
min )
Apple's new savings account offers a competitive 4.15% interest rate, but 17 high-yield savings accounts pay at least 4.50%, with some rates as high as 5.00%, earning you more.
( 17
min )
How the FAFSA helps students get federal and state financial aid, including grants, loans, and even scholarships.
( 26
min )
The World Bank said the global economy is in a "precarious position" and reduced its outlook for worldwide GDP growth in 2024.
( 16
min )
Venture capital firm Sequoia Capital said it will split into three separate units. The move comes amid a rise in tensions between the U.S. and China, especially on tech issues.
( 16
min )
The government’s consumer watchdog is taking a look at banks’ use of customer service chatbots, finding that automated systems sometimes fail to help customers or give them inaccurate information.
( 17
min )
A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee.
( 26
min )
Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
( 22
min )
Explore the historical relationship between interest rate increases and the price of gold, and consider what effect a fed funds rate hike might have.
( 24
min )
A small corporate offering registration (SCOR) is a simplified means for smaller companies to raise capital by issuing shares.
( 21
min )
Cash on delivery is a type of transaction in which payment for a good is made at the time of delivery.
( 24
min )
Living in New Jersey while working in NYC can have its advantages. Here's a look at some of them.
( 21
min )
Getting your first clients as a financial advisor can be a challenge and takes time. Learn how to get clients as a financial advisor here.
( 24
min )
Closed-end credit is a loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid by a specified date.
( 23
min )
Estimated tax is a quarterly payment that is required of self-employed people and business owners who do not have taxes automatically withheld.
( 20
min )
These are the growth stocks with the fastest EPS and revenue growth heading into June.
( 21
min )
Merck (MRK), the New Jersey-based maker of widely-used cancer treatment Keytruda, filed a lawsuit Tuesday in a federal court in Washington seeking to block the drug negotiation program, created by the Inflation Reduction Act of 2022, from going into effect in 2026.
( 17
min )
Markets were little changed at midday on Tuesday, June 6, 2023, as banking gains were offset by declines in health care and consumer staples stocks, and Coinbase shares tumbled following SEC charges.
( 16
min )
Rates on 30-year mortgages climbed for a second day, after previously sinking to a two-week low. Averages were modestly up across most loan types, though 5/6 ARM rates declined.
( 19
min )
THOR Industries shares jumped after the RV and motorhome maker reported third quarter profit and sales beat estimates.
( 16
min )
The Binance cryptocurrency exchange saw users fleeing after the SEC launched a lawsuit against the firm and its founder.
( 17
min )
A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world.
( 24
min )
Coinbase was sued by the SEC for allegedly operating as an unregistered exchange, its also under fire from ten state regulators and its stock has dropped almost 14% in early trading.
( 17
min )
A resume is a document that job applicants use to summarize their work experience, educational background, and special skills.
( 23
min )
A carbon disclosure rating is a measure of the environmental sustainability of a company, based on voluntary disclosures by the company itself.
( 18
min )
Revolving credit and a line of credit offer flexibility with when you accesses credit, but they are not the same. Learn about the differences in these loans.
( 25
min )
Available credit refers to how much a borrower has left to spend. This amount can be calculated by subtracting the borrower's purchases from the total credit limit.
( 22
min )
Saturn Oil & Gas, Vertex Energy, and Shawcor are top for best value, fastest growth, and most momentum, respectively.
( 21
min )
You might expect all of America's top CEOs to have an MBA from an Ivy League school, but they hail from all kinds of academic backgrounds.
( 25
min )
Moral hazard exists when a party to a transaction has an incentive to take unusual business risks because they are unlikely to suffer potential consequences.
( 23
min )
Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.
( 28
min )
The geometric mean is the average of a set of products, the calculation of which is commonly used to determine the performance results of an investment or portfolio.
( 23
min )
The housing market is in a state of “gridlock,” according to mortgage data company Black Knight, which released a report Monday detailing obstacles facing buyers and sellers at many points in the homebuying process.
( 18
min )
A merchant bank conducts underwriting, loan services, financial advising, and fundraising services for large corporations and high-net-worth individuals.
( 23
min )
The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
( 31
min )
Zelfs als het al lukt om de uitstoot van broeikassen fors te verminderen, is de Noordpool waarschijnlijk tussen 2030 en 2050 al vrij van zomerijs. Dit betekent dat het zee-ijs in het noordpoolgebied een stuk sneller gesmolten kan zijn dan aanvankelijk werd verwacht. Dat concluderen onderzoekers dinsdag in het wetenschappelijke tijdschrift Nature Communications.
( 4
min )
De Eerste Kamer heeft dinsdag unaniem gestemd voor de herinvoering van de basisbeurs. Dat betekent dat studenten vanaf september weer maandelijks geld op hun rekening gestort krijgen, dat na hun opleiding een gift wordt. Maar zorg dat je als student niet voor verrassingen komt te staan. Waar moet jij op letten?
( 4
min )
Shell trekt na iets meer dan een jaar de stekker uit Shell Energy Nederland. Ook in Duitsland en het Verenigd Koninkrijk stopt het bedrijf met het leveren van energie aan huishoudens. Dat bevestigt een woordvoerder van Shell aan NU.nl.
( 3
min )
De beurswaarde van cryptoplatform Coinbase is dinsdag met bijna 20 procent gedaald doordat de Amerikaanse toezichthouder SEC een strafzaak is gestart tegen het bedrijf. Het grootste cryptoplatform van de Verenigde Staten zou diensten aanbieden zonder de juiste vergunning.
( 3
min )
NS krijgt een boete van 1,5 miljoen euro omdat de spoorvervoerder vorig jaar minder treinen liet rijden. Het is het maximale bedrag dat verantwoordelijk staatssecretaris Vivianne Heijnen (Infrastructuur) kan opleggen voor het afschalen van de dienstregeling.
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min )
Na ruim vijf jaar leenstelsel keert de basisbeurs in het hoger onderwijs terug. De Eerste Kamer heeft dinsdag ingestemd met een wetsvoorstel dat daarvoor zorgt. Daardoor kunnen zo'n 435.000 studenten van hogescholen en universiteiten vanaf september weer minstens 100 euro per maand krijgen.
( 4
min )
Amerikaanse autoriteiten slepen Binance en topman Changpeng Zhao voor de rechter. Volgens beurstoezichthouder SEC hebben de ondernemer en het cryptoplatform een "web van leugens" gesponnen. Een deel van de beleggers heeft de afgelopen 24 uur hun geld weggehaald.
( 4
min )
Precies tien jaar geleden gaf ING de eerste bankpas uit waarmee je kon betalen zonder de pas in de automaat te steken. Winkeliers en consumenten moesten eraan wennen, maar inmiddels rekenen we ruim 400 miljoen keer per maand contactloos af. En dat kan op steeds meer plekken.
( 4
min )
PostNL heeft te maken met vertragingen bij het bezorgen en retourneren van pakketten. Volgens een woordvoerder is er altijd sprake van een bestelpiek wanneer het vakantiegeld gestort is en we vrije meidagen hebben. Maar er wordt nu meer besteld dan was voorzien.
( 3
min )
Ov-reizigers kunnen sinds dinsdag overal in Nederland inchecken met een betaalkaart. Het Rotterdamse ov-bedrijf RET was de laatste vervoerder die OVpay nog niet had ingevoerd.
( 5
min )
PostNL heeft te maken met vertragingen bij het bezorgen en retourneren van pakketten. Volgens een woordvoerder is er altijd sprake van een bestelpiek wanneer het vakantiegeld gestort is en we vrije meidagen hebben. Maar er wordt nu meer besteld dan was voorzien.
( 3
min )
Microsoft heeft een schikking getroffen met de Amerikaanse toezichthouder FTC. Het techconcern verzamelde illegaal gegevens van kinderen onder de dertien jaar die zich aanmeldden voor gamedienst Xbox Live.
( 3
min )
Schiphol test een nieuwe robot die koffers kan tillen en zo het werk van het personeel kan verlichten. Ook wordt een robot getest die koffers opzij kan schuiven naar de bagageband.
( 3
min )
Bij de Amsterdamse fabriek van PPG wordt deze week gestaakt. Het personeel van de grootste verffabriek van Nederland, waar blikken van bekende merken als Histor en Sigma worden gevuld, probeert zo een hoger loon voor elkaar te boksen.
( 3
min )
Schiphol test een nieuwe robot die in de bagagehal koffers kan tillen en daarmee het werk voor het personeel kan verlichten. Ook wordt een robot getest die koffers opzij kan schuiven naar de bagageband. De luchthaven kondigt aan nog een aantal andere tilhulpen en volledig geautomatiseerde systemen te willen testen.
( 3
min )
De inflatie was in de maand mei 6,1 procent, terwijl de prijzen in april nog 5,2 procent hoger waren dan een jaar eerder. Eten en drinken is nog altijd veel duurder dan een jaar eerder, terwijl de energieprijzen niet hard genoeg dalen om de inflatie omlaag te brengen.
( 4
min )
Het leek alsof geen groot techbedrijf nog een presentatie kon geven zonder focus op kunstmatige intelligentie. Maar Apple trekt zich niets van die trend aan en zet juist vol in op augmented reality, met een bril van 3.499 dollar: de Vision Pro.
( 5
min )
De inflatie was in de maand mei 6,1 procent, terwijl prijzen in april nog met 5,2 procent stegen ten opzichte van een jaar eerder. Eten en drinken blijft veel duurder dan een jaar eerder, terwijl energieprijzen niet hard genoeg dalen om de inflatie omlaag te brengen.
( 3
min )
De Autoriteit Persoonsgegevens (AP) heeft in vijf jaar tijd al meer dan 114.000 meldingen van datalekken ontvangen. Soms komen daarbij de gegevens van honderdduizenden mensen op straat te liggen. Volgens de toezichthouder is daardoor bijna iedere Nederlander al één of meerdere keren slachtoffer geworden van een datalek.
( 6
min )
Unemployment is the term for when a person who is actively seeking a job is unable to find work.
( 28
min )
A variable annuity is a type of annuity that can rise or fall in value based on the performance of its underlying investment portfolio.
( 25
min )
The National Foundation for Credit Counseling (NFCC) is a national network of non-profit credit counseling organizations. Learn how it works.
( 21
min )
Marijuana-focused cryptocurrencies began in 2014 and surged in 2018 as global legalization efforts began.
( 22
min )
Stashing cash in a high-yield bank account is an easy way to earn a lot more interest on your money, and right now, you can earn 5.25% with the top money market account.
( 18
min )
Delinquency rates on commercial mortgage-backed securities backed by office properties jumped in May by the most since June 2018.
( 17
min )
Markets fell on Monday, June 5, 2023 as initial enthusiasm for Apple's new headset faded.
( 16
min )
Apple shares hit an all-time high on Monday as the company released its long-awaited mixed reality headset.
( 17
min )
Sales of Tesla EVs made in China soared in May and were up 142% from the same period in 2022, when COVID-19 restrictions limited production.
( 16
min )
A dividend is usually declared quarterly after a company finalizes its income statement and dividends are paid either by check or in additional shares of stock.
( 25
min )
When the economy blows up, find out what funds offer some protection from major losses.
( 21
min )
GM said it plans to invest more than $1 billion on manufacturing new heavy-duty ICE pickups.
( 16
min )
This week’s cryptocurrencies to keep an eye on are XRP (XRP), The Sandbox (SAND), XDC Network (XDC), and Lido (LDO).
( 20
min )
The SEC has sued Binance, BAM Trading Services, and founder Changpeng Zhao for violating U.S securities laws, including the operation of an unregistered exchange.
( 19
min )
You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
( 23
min )
With the plethora of digital currency exchanges, how can an investor choose the right one? Take the steps to find the best exchange for your needs.
( 23
min )
The financial services sector consists of a diverse group of companies that goes beyond banks and credit unions.
( 26
min )
Especially at senior levels, LGBTQ+ representation in the workplace is low.
( 29
min )
Employers in the service sector say they’re pulling back on hiring, raising concerns about cracks showing in the until-now stalwart labor market.
( 16
min )
Members of the LGBTQ+ community have had a harder time getting home mortgages, although that may be starting to change.
( 26
min )
A derivative that gives the holder the right, but not the obligation, to buy or sell a security at a certain price before expiration.
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Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.
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A blank check company is a developmental stage company that has no specific business plan or has the intent to merge or acquire another firm.
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Personal loan rates continued to moderate this week, lowering the overall average by 7 basis points.
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Apple's stock has risen to a new all-time on Monday ahead of its developer conference where the company is expected to unveil its mixed reality headsets.
( 17
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Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.
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The dividend discount model (DDM) is a system for evaluating a stock by using predicted dividends and discounting them back to present value.
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A bribe is an illegal act in which a gift (for example, money) is given with the goal of influencing an outcome.
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Finance is the study of money management and the process of acquiring needed funds—including personal finance, corporate finance, and public finance.
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U.S. equities were mixed at midday on Monday, June 5, 2023, with Apple helping to boost the tech sector.
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A risk premium is the return in excess of the risk-free rate of return that an investment is expected to yield.
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Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.
( 16
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EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.
( 16
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Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.
( 19
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Next of kin is usually defined as a person's closest living blood relative, someone who may have inheritance rights, and obligations.
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Property taxes can be a huge burden for the homeowner. Learn more about some of the tricks you can use to lower your property tax.
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Delivered-at-place (DAP) refers to an arrangement wherein the seller covers the costs and takes on the risks of moving product to the buyer's location.
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Federal regulators are preparing to introduce new banking rules that would force big banks to hold up to 20% more capital, the Wall Street Journal reported Monday.
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BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield
( 23
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Lex Sokolin, one of our favorite futurists, rejoins The Express to show us how A.I., ChatGPT, and the Blockchain are already changing finance and investing, and where they are taking us into the future.
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The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.
( 24
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These five popular candlestick chart patterns signal a bullish reversal in downtrend.
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A virtual assistant is an independent contractor who provides administrative services to clients while working outside of the client's office.
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Learn about the Securities Industry Essentials Exam (SIE), the streamlined qualification test from FINRA for people looking to get a job in the securities industry.
( 24
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Positive pay is a banking service used to match the checks a company issues with those it presents for payment. Learn how it is used to deter check fraud.
( 24
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Electric vehicles are set to become a $700 billion market by 2030, and the electric boat niche is a very fast-growing part of that market
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Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation's most populous state. State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” The decision did not impact personal auto insurance.
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(Bloomberg) -- Intel Corp., the largest US chipmaker by revenue, will sell part of its holdings in Mobileye Global Inc., raising about $1.48 billion for its ambitious spending plans. Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyA Wall Street Titan Scores One of the Best Real Estate Trades EverOil Nudged Higher by Saudi Surprise Cut as Traders Wait and SeeUS F-16 Triggers Sonic Boom Pursuing Cessn
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In the realm of artificial intelligence (AI), professionals often compare the progress of AI systems to raising a toddler. Similar to how toddlers rely on adults for guidance and education to develop and mature, AI creations like the widely known chatbot phenomenon ChatGPT also depend on human intervention to gain knowledge and communication abilities. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families This has giv
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The Securities and Exchanges Commission’s (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces the traditional banking sector, Jim Bianco, president and founder of Bianco Research said.
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Shares of U.S. banks fell on Monday with some investors pointing to worries that a flood of Treasury bill issuance following the raising of the U.S. debt ceiling would drain liquidity from lenders. The U.S. government is expected to issue $1 trillion or more of short-term debt to replenish its Treasury General Account (TGA) or cash reserves that were depleted during the political haggling over the debt ceiling. Some analysts have warned that this flood of new bills could drain bank reserves at time when liquidity is needed to bolster their balance sheet given the recent shocks to the financial system from the regional banking crisis.
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Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and Blackstone is not immune. As of May 1, 2023, Blackstone announced it is limiting investor withdrawals from its REIT, which is worth an estimated $70 billion. This move is not a new trend, as Blackstone has been limiting monthly investor withdrawals
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Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit. The Treasury General Account has fallen sharply since January when Treasury hit its limit on borrowing. Deutsche Bank strategist Steven Zeng said in a recent research note he expected net bill issuance of $400 billion in June, followed by $500 billion between July and September.
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At Berkshire Hathaway Inc.’s annual shareholder meeting, Charlie Munger’s revelation about a brilliant investment he made over 60 years ago offered a glimmer of hope and inspiration to investors worldwide. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The octogenarian billionaire has been raking in $70,000 per year from a $1,000 bet on oil royalties, a deal he struck with a golfer named Al Marshall after a cha
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Personal finance guru received up to $30 million for promoting timeshare exit company that failed to help customers, complaint alleges.
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History repeats itself.
According to Dow Jones Market Data, Apple shares have averaged a 0.3% decline during WWDC keynotes, going back to 2013.
Sure enough, tn the first few minutes after Apple announced and offered details for its 'Vision Pro' mixed reality headset, the company's stock lost its g
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As a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space, Elon Musk isn’t known for being a real estate guru. But lately, the billionaire has been sounding the alarm for the sector. “Commercial real estate is melting down fast,” Musk said in a recent tweet. “Home values next.” He elaborated on the dire forecast during an interview with former Fox News personality Tucker Carlson in April. “We really haven’t seen the commercial
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The 10% reduction in output suggests Riyadh is willing to sacrifice market share to prop up prices.
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Binance is by far the world's largest cryptocurrency exchange and a pillar of the digital asset economy. Bitcoin fell after the news of the SEC charges.
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The data-analytics software company says it was awarded a contract from the U.S. Special Operations Command.
( 22
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Citi analyst Christopher Danely says chip stocks "are due for a pullback.” He's cautious on the group, and has moved Micron stock to the front of the pack.
( 22
min )
HSBC Global Research analyst Adam Fox-Rumley cut his price targets on AT&T, T-Mobile, and Verizon.
( 22
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Billionaire and Microsoft Corp. Co-Founder Bill Gates continues to make waves with his latest venture into the beer industry. Gates made headlines by acquiring a substantial stake in Heineken Holding NV (OTC:HEINY), a Dutch company worth nearly $1 billion. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The transaction, which occurred on Feb. 17, involved Gates purchasing 10.8 million shares valued at $939.87 mi
( 8
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Apple shares have reached an all-time high as the tech company prepares to unveil its long-awaited virtual reality headset.
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Anti-woke entrepreneurs seem to have forgotten the most basic requirement of capitalism: to make a profit.
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EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.
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A renovated Walgreens store in downtown Chicago now only has two aisles of products available for public browsing while the rest is behind counters.
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BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield
( 24
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(Bloomberg) -- The S&P 500 Index is heading toward a bull-market milestone after stocks rallied back from last year’s lows on optimism the Federal Reserve is nearing the finish line of its interest-rate hikes. Most Read from BloombergMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS F-16 Triggers Sonic Boom Pursuing Cessna That CrashedSaudi Shoulders Burden to Support
( 7
min )
Canaccord analyst George Gianarikas has an idea for a price reduction that investors would probably love.
( 22
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Employer-sponsored, tax-deferred retirement plans like 401(k)s and 403(b)s have rules about when you can access your funds. As a general rule, if you withdraw funds before age 59 ½, you'll trigger an IRS tax penalty of 10%. The good news … Continue reading → The post What Is the Rule of 55 and How Does It Work? appeared first on SmartAsset Blog.
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Before you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on where you live. Still, you'll probably owe more when taxes are due, … Continue reading → The post How Taxes on Lottery Winnings Work appeared first on SmartAsset Blog.
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Asset protection planning aims to protect assets from creditor claims. Here's a breakdown of several ways to go about this process.
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Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a 23% jump next year. Morgan Stanley predicted the index to rebound to 4,200 levels in 2024 while keeping its 2023-end target unchanged at 3,900. A slew of positive news, with expectations of a Fed pivot, persistent improvement in liquidity, and AI-related tailwinds to mega-cap names such as Nvidia Corp, have buoyed indexes so far, Morgan Stanley said.
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Investors are awaiting news from the company's Worldwide Developers Conference, including the expected launch of a mixed-reality headset.
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The deal for the pump-and-valve maker counts as a relatively large leveraged buyout as financing for such takeovers has become more scarce.
( 28
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KKR said it will pay $49 a share, sending the shares of Massachusetts-based Circor surging 49% to $47.20 in premarket trading. Circor, which has about 3,100 employees, makes pump and valve systems for sectors including industrial, aerospace, defense, oil and gas. The Wall Street Journal first reported the deal, citing people familiar with the matter.
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Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.
( 10
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The global beer conglomerate finds itself caught up in a distinctly American uproar. But for long-term investors, the Bud Light brouhaha could be a rare buying opportunity.
( 27
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Johnson & Johnson's legal settlement with Amgen Inc to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting. Stelara, introduced in 2009, has been J&J’s top-selling drug since 2019, with sales reaching $9.7 billion in 2022. Its patents begin to expire this year, opening the door to a cheaper biosimilar entering the market, and raising expectations that the company would need to lower the $13,000 per month price of Stelara.
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(Bloomberg) -- Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fea
( 7
min )
(Bloomberg) -- Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.The tar that infuses the sands in Canada’s remote northwest is so sticky the region’s indigenous people traditionally used it to waterproof their canoes. It wasn’t much use for anything else unti
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(Bloomberg) -- The Federal Reserve’s June meeting is shaping up to be one of the trickiest in its 15-month campaign to tame inflation: Chair Jerome Powell seems intent on skipping an interest-rate increase, while explaining to the public that officials aren’t done yet.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Supp
( 8
min )
↗️ Palo Alto Networks (PANW): The stock will join the S&P 500 benchmark, replacing Dish Network (DISH), the index compiler S&P Dow Jones Indices said. Shares in Palo Alto Networks gained mor
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Commodity prices are in retreat, signaling a deceleration in the world economy but lending central banks a hand in their fight against inflation.
( 28
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U.S. futures paused on Monday after stocks tore higher on Friday after the latest jobs report. As investors look ahead to the Federal Reserve’s monetary policy decision next week, services-sector data due in the day ahead are in focus.
Futures for the Dow Jones Industrial Average advanced 30 points
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Crude oil futures opened the trading week higher after Saudi Arabia said that it was cutting production on top of OPEC+ reductions.
Most-actively Brent crude oil contracts jumped, and recently stood more than 2.2% higher at $77.84 a barrel. The equivalent contract for the U.S. benchmark, West Texas
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The shares moving the most today.
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Our managers were all replaced with coaches, with a ratio of one coach per six employees.
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U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, data from the China Passenger Car Association (CPCA) showed on Monday. That represented a 2.4% jump from April when Tesla sold 75,842 locally made Models 3 and Y in the world's largest auto market. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19 containment measures, disrupting production.
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(Bloomberg) -- European stocks may drop as much as 10% over the next few months.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fears of Conflict in AsiaThat’s the view of Morgan Stanley strategists led by Graham Secker, who expect the MSCI Europe Loca
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At just over $71 a barrel, WTI crude remains above a key “support” level in the high-sixties.
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Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening. Shanghai, Hong Kong and Seoul also rose. Wall Street's benchmark S&P 500 index leaped 1.5% on Friday, putting it on the verge of entering what traders call a “bull market” after rising nearly 20% in seven months.
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The dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer. The Australian dollar erased early losses after a report showed a pick-up in services activity in key trading partner China. The Canadian dollar proved resilient, buoyed by a spike in crude oil prices.
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A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said. Oil prices jumped more than $1 a barrel on Monday as the Saudi energy ministry said on Sunday its output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the kingdom's biggest reduction in years. The voluntary cut pledged by Saudi is on top of a broader deal by the Organization of the Petroleum Exporting Countries and their allies including Russia to extend production cuts into 2024 as the group seeks to boost flagging oil prices.
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(Bloomberg) -- Morgan Stanley anticipates a sudden pullback in corporate earnings will slam the brakes on a US equity rally, a call at odds with Wall Street estimates. Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime Membe
( 7
min )
Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while U.S. crude climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery.
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(Bloomberg) -- Asian stocks were poised to climb Monday after the S&P 500 rose to the cusp of a bull market amid strengthening bets for a Federal Reserve rate pause this month. Oil rallied on a supply cut from Saudi Arabia.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-Chin
( 8
min )
(Bloomberg) -- Saudi Arabia said it will make an extra 1 million barrel-a-day production cut in July, taking its production to the lowest level for several years after a plunge in crude prices.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fails to Stem Asia
( 9
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(Bloomberg) -- Financial professionals have a warning for their employers: Don't ask me to come in to the office more often, or I’ll quit.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineQatar Airways Plans for Future Without First Class on Long-HaulOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetThat's according to the latest Ma
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Na een koel en fris voorjaar genieten Nederlanders momenteel massaal van de zon. Alleen is dat lekkere weer minder goed voor je gazon. Hoe zorg je er ondanks de droogte voor dat jouw gras groener is dan bij de buren?
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De Europese gasprijs is maandag voor het eerst sinds maart tot 20 procent gestegen. Dat komt voornamelijk doordat steeds meer Aziatische landen proberen vloeibaar gemaakt aardgas (lng) te bemachtigen. De markt voor lng wordt daardoor krapper.
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min )
Hooikoortspatiënten bestellen de laatste weken massaal pillen, sprays en druppels. De verkopen zijn veel hoger dan gebruikelijk in deze tijd van het jaar. Dat merkt A.S. Watson, het bedrijf achter drogisterijketens Trekpleister en Kruidvat.
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min )
VDL Groep, die ook eigenaar is van VDL Nedcar, gaat aluminium fietsframes maken. Het daarvoor opgerichte VDL Bike Frame strijkt neer in Breda.
( 2
min )
Bingoal heeft van de Kansspelautoriteit een boete van 400.000 euro gekregen. Het sportgokbedrijf richtte zich in een reclame op jongvolwassenen in de leeftijd van 18 tot 24 jaar. Dat is verboden.
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min )
Supermarktconcern Jumbo gaat terug naar de kern. Waar in het verleden een product werd toegevoegd als een klant erom vroeg, houdt de keten het assortiment nu kritisch tegen het licht.
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min )
Het blijft voor Oekraïne waarschijnlijk verboden om graan te verkopen in vijf Oost-Europese landen. De landen vrezen voor concurrentie van het goedkopere Oekraïense graan en dwongen vorige maand al een tijdelijk verbod af, dat maandag afloopt. Een verlenging tot september is in de maak.
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min )
Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.
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Niet eerder is er zoveel energie opgewekt met zonnepanelen als in de maand mei. Het is ook voor het eerst dat deze hernieuwbare bron meer energie opleverde dan biomassa, zo blijkt uit cijfers van Energieopwek.nl.
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min )
Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.
( 3
min )
De langlopende hypotheekrentes zijn in 2023 nauwelijks veranderd, ziet De Hypotheker. Ook maakt het nauwelijks meer uit of je de rente vastzet voor tien, twintig of dertig jaar.
( 3
min )
Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.
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Drie kwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan de klant. Dat komt vooral doordat ze bang zijn om klanten kwijt te raken aan de concurrentie. Bovendien zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.
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Zo'n 5 procent van de bedrijven in Nederland dreigt door schulden in de knel te raken. Het gaat om vijfduizend tot tienduizend ondernemingen. Onder meer in de horeca vrezen veel ondernemers dat ze niet meer aan hun betalingsverplichtingen kunnen voldoen.
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In steeds meer sectoren kunnen we met vervroegd pensioen. Dat betekent dat iemand met een zwaar beroep bijvoorbeeld drie jaar eerder kan stoppen met werken, maar daar wordt nauwelijks gebruik van gemaakt.
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Understand how to leverage the principal residence exclusion to reduce or eliminate paying capital gains tax.
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The tax implications of opening a foreign bank account are complicated, as the IRS is hostile to U.S. citizens holding such accounts.
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min )
The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.
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min )
The acid-test ratio is a strong indicator of whether a firm has sufficient short-term assets to cover its immediate liabilities.
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Electronic statements should be accessible for as long as you'll need them. If you get paper statements, keep them for at least a year and then shred them.
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min )
Some homeowners can still qualify for a tax deduction on home equity loan interest thanks to a loophole, but only if they meet certain criteria.
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min )
Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible.
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min )
Green economic theories encompass a wide range of ideas, all dealing with the interconnected relationship between people and the environment.
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min )
TRY is the abbreviation for the domestic currency used in the Turkish Republic of Northern Cyprus as well as in Turkey.
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Improved gas mileage is good for your wallet, good for your car, and good for the environment. Here's how to achieve it.
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If you're changing jobs you may have the option to roll over your 401(k) into a plan. Learn more about how to transfer a 401(k) to new job.
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min )
Insider trading is using material non-public information to trade stocks and is illegal unless that information is public or not material.
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Determining stop-loss is about targeting an allowable risk threshold and should be strategically derived with the intention of limiting loss.
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A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company.
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min )
Learn about the just in time (JIT) production strategy and how the precise coordination and timing it requires can end up costing a business money.
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min )
Shares are a unit of ownership of a company that may be purchased by an investor.
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Which entertainment sector is more profitable: movies or TV? Let’s take a look. You might be surprised by the results.
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min )
Modified accrual accounting is a bookkeeping method commonly used by government agencies that combines accrual basis accounting with cash basis accounting.
( 19
min )
An amendment is a change or addition to the terms of a contract agreement, government document, or law.
( 19
min )
Learn the differences between margin calls and fed margin calls while reviewing the definitions of each and how to satisfy each call.
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min )
Marginal cost is the change in total cost that comes from making or producing one additional item.
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The world’s richest people saw the biggest decline in wealth in more than a decade in 2022, with high net worth individuals losing $3 trillion collectively.
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Austerity is defined as a state of reduced spending and increased frugality.
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The SEC has always pursued insider trading as a key element of its activities. Here are a few of the most notable cases throughout the years.
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min )
It can be difficult to send large sums of money abroad. Learn more about the top five safest ways to send and receive large sums of money internationally.
( 22
min )
A chargeback is a charge that is returned to a payment card after a customer successfully disputes an item on their account transactions report. Learn more.
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min )
Hyperinflation describes rapid and out-of-control price increases in an economy. Learn the causes of hyperinflation and how it can impact everyday consumers.
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Proof of funds (POF) refers to a document that demonstrates a person or entity has the ability and funds available for a specific transaction.
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Lockbox banking is a service provided by banks to companies for the receipt of payment from customers.
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Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.
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Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.
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(Bloomberg) -- President Joe Biden’s signature of legislation suspending the federal debt ceiling has given the Treasury Department the green light to resume net new debt issuance after months of disruption.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fail
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The biggest news this week has been Elon Musk’s visit to China, a move that has the potential to strengthen Tesla’s ties with the world’s largest auto market. It’s Musk’s first visit since the COVID-19 pandemic, and his commitment to China isn’t surprising given how much China’s vehicle sales carry the automaker’s global sales. In Q1, China accounted for over half of Tesla’s deliveries.
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"It’s going to take time to adjust back to being in the office more," a spokesman said after a walkout this week.
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Earnings reports from Gitlab, Ciena, J.M. Smucker, Brown-Forman, Campbell Soup, GameStop, DocuSign, Vail Resorts, and NIO. Plus, services PMI and durable goods.
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Saudi Arabia has announced plans to cut its oil production by 1 million barrels per day (bpd) as the Kingdom pledged to do “whatever is necessary” to prop up sagging prices.
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Executives aim to sell the shares for between $17 and $19 apiece. The high end of that range would value Cava at around $2.2 billion.
( 29
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Homeowners say they are getting bills and foreclosure threats on second mortgages they thought were taken care of long ago.
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Todd, who has anchored the Sunday program since 2014, will step down in September.
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Doubling up retirement plans adds some complexity, but it could be worth it.
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While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.
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Certificates of deposits are some of the safest investments you can make. They are not dependent on the stock market, they are protected by deposit insurance and they have clear terms that you understand going in. A bump-up CD, also … Continue reading → The post What Is a Bump-Up CD and How Is it Used to Increase Your APY? appeared first on SmartAsset Blog.
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Retiring when you're in your 60s or younger is the goal for every worker. But can you retire comfortably at the age of 65 with $1 million? For some people, yes. But the true answer is that there is no … Continue reading → The post Can I Retire at 65 With $1 Million? appeared first on SmartAsset Blog.
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It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
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An annual income of $250,000 won't put you in the top 1% of earners, but it will get you close to it. That's because only 7% of households in the United States earn $250,000 per year1. How far that income … Continue reading → The post Where High Earners Lose The Most To Taxes and Cost of Living - 2023 Study appeared first on SmartAsset Blog.
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Volkswagen is the latest carmaker to invest in securing its own supplies for building batteries—and capturing more profits.
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A record share of first-time buyers are taking out mortgages with terms of 35 years or more as soaring costs force more Britons to sign up to a lifetime of debt.
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California State Teachers’ Retirement System, the second-largest U.S. pension, didn’t budge on first-quarter stock losers Nikola, Bed Bath & Beyond, KeyCorp, and Zions.
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German car makers are ramping up pressure on Brussels to avoid a post-Brexit “cliff edge” for the auto industry as officials in Whitehall race to strike a deal.
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min )
Retailers are seeing strong growth in China after years of pandemic restrictions. The recovery is tenuous, analysts say.
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New actively managed funds are giving investors broader exposure to artificial intelligence development.
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There are 23 biotechs with negative enterprise values in the XBI and the iShares Biotechnology ETFs.
( 22
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The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The 23-member group is meeting Sunday at OPEC headquarters in Vienna after sending mixed signals about possible moves. Saudi Arabia, dominant among the oil cartel's members, has warned speculators that they might get burned by betting on lower prices.
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Roughly 80 miles west of the Shetland Islands, on the edges of the North Atlantic, the biggest undeveloped oil field in UK waters sits deep beneath the waves.
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(Bloomberg) -- Investors who took out long positions in the euro could be in for some respite, even as a shaky outlook for the economy continues to stalk the common currency.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With
( 9
min )
Higher mortgage rates stopped both home buyers and sellers in their tracks in the spring, putting an end to the pandemic home-buying boom. Summer might not be better.
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(Bloomberg) -- OPEC+ ministers meet on Sunday to hash out a deal on oil production after a last-minute fight with African members threatened to derail the gathering.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With Inflation
( 8
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Former British tech champion THG is facing a shareholder revolt at its investor meeting that risks deepening chief Matthew Moulding’s dislike of the London market.
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OPEC and its allies meet Sunday in Vienna to decide on an output plan.
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Hedge funds and other speculative investors have built up a big bet that the S&P 500 will decline, marking their most bearish positioning since 2007.
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Driekwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan klanten. Dat komt vooral omdat ze bang zijn om klanten kwijt te raken aan de concurrentie. Ook zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.
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Afrikaanse leden van oliekartel OPEC+ worden steeds meer onder druk gezet om de ruimte binnen hun doelstellingen voor olieproductie op te geven. Die ruimte willen de Verenigde Arabische Emiraten (VAE) graag gebruiken om zelf meer te kunnen produceren. Vooral Angola en Nigeria halen hun doelstellingen niet.
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Egypte heeft drie sleepboten ingezet om een olietanker met motorpech in het Suezkanaal weg te slepen. Die tanker stremt het verkeer in de kortste scheepvaartroute tussen Azië en Europa.
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Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.
( 3
min )
Voor Apple-fans is het lange wachten eindelijk voorbij: maandag lanceert de techreus naar alle waarschijnlijkheid na vele jaren weer een belangrijk nieuw product. Apple komt op zijn jaarlijkse ontwikkelaarsconferentie WWDC volgens vele geruchten met een eigen virtualreality-bril (VR).
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De Duitse zeepmaker Henkel, bekend van merken als Pritt en Persil, heeft de mogelijkheid om zijn activiteiten in Rusland binnen nu en tien jaar terug te kopen. Voorwaarde is wel dat de omstandigheden in en de relatie met dat land "fundamenteel" veranderen.
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Steeds meer Nederlanders hebben zonnepanelen op het dak liggen. Maar wanneer produceren deze panelen nou de meeste stroom?
( 3
min )
We krijgen deze zomer meer dollars, kronen, lira’s en Antilliaanse guldens voor een euro. De waarde van onze munt bij een wisselkantoor zit in de lift. Dat kan interessant zijn richting het vakantieseizoen. Maar je reis wordt er niet altijd goedkoper van.
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Als de Eerste Kamer dinsdag met de herinvoering van de basisbeurs instemt, krijgen studenten vanaf september weer maandelijks een bedrag dat na hun opleiding een gift wordt. Dat is een opluchting voor veel studenten, al is het wetsvoorstel volgens velen verre van perfect.
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A vostro account is an important part of correspondent banking in which a foreign bank provides financial services on behalf of a domestic bank.
( 22
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The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced LIBOR.
( 22
min )
Strengthen your marriage by understanding and dealing with these six major financial stressors.
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You can take funds from your retirement account for immediate and pressing financial needs. But you'll pay a price for doing so.
( 23
min )
A crossed check is a check that has been crossed with two parallel lines, either across the whole check or through the top left-hand corner of the check.
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The Basic Attention Token (BAT) fuels the Brave browser, which aims to revolutionize digital advertising through blockchain technology.
( 21
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Craig Wright claims to be Satoshi Nakamoto, the mysterious inventor of Bitcoin. But his claim is riddled with holes.
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The empirical rule is a statistical theory stating that 99.7% of normally distributed data will fall within three standard deviations from the dataset's mean.
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Tezos (XTZ) is a decentralized blockchain network with an associated cryptocurrency token and a colorful history.
( 22
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Fee-only financial advisors get paid for their services, not by commission. Learn why that matters and why you may still want to hire one.
( 28
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The world’s billionaire population fell by 3.5% in the latest year, with tech, healthcare, and real estate fortunes particularly vulnerable.
( 18
min )
Kanye West has a net worth of $400 million as of 2023, according to Forbes. West’s net worth dropped from $2 billion after Adidas and other companies cut ties with the rapper in 2022 after antisemitic comments and offensive behavior.
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An irrevocable letter of credit is a bank guarantee for payment by the party requesting the letter. It cannot be revoked.
( 28
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Normal or bell curve distribution can be used in portfolio theory to help portfolio managers maximize return and minimize risk.
( 24
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Investment management is just one part of a financial advisor's role.
( 25
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(Bloomberg) -- For over a year, bond traders been whipsawed by uncertainty about how high the Federal Reserve will push interest rates. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersTrillion-Dollar Treasury Vacuum Coming for Wall Street RallyRich Latin Americans Transform Laid-Back Madrid Into a New MiamiChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthUS Chides China Over Defense Talks as Navy Sails by TaiwanBut that’s now giving way to a gro
( 8
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Some lawmakers are seeking legislation or action by President Biden to avoid the recurring high-stakes standoffs on Capitol Hill.
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"For new home buyers, this is the worst situation since the end of the Great Recession."
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(Bloomberg) -- With a debt ceiling deal freshly inked, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a N
( 9
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President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) reached a tentative agreement to raise the U.S. debt ceiling over the weekend, allowing a ray of hope to peek through the fiscal cloud that had been hanging over D.C. This … Continue reading → The post What the Tentative Debt Ceiling Deal Means For You appeared first on SmartAsset Blog.
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Eight million is the sobering figure economists urge you to remember. If the U.S. were to default on its debt, the repercussions would be large: a staggering loss of more than 8 million jobs, accompanied by a protracted recession that could … Continue reading → The post Investor Panic: Potential Consequences of a U.S. Debt Default Revealed appeared first on SmartAsset Blog.
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Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital … Continue reading → The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.
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How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.
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A 401(k) is an employer-sponsored, tax-advantaged retirement plan. You fund this account by contributing a set percentage of your paycheck into the account. One of the biggest perks of a 401(k) plan is that employers have the option to match your … Continue reading → The post How the Employer Match Works With the 401(k) Limit appeared first on SmartAsset Blog.
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Now might be a good time to buy. That's the takeaway from a recent Morningstar analysis, which reported in on a seeming contradiction in stock prices. The market as a whole, Morningstar writes, is expensive. But those prices are a bargain … Continue reading → The post Looking for Bargain Stocks? Morningstar Says These Are Cheap appeared first on SmartAsset Blog.
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Retiring before you're 50 may sound like a pipe dream, but a nest egg of $2 million can make this a reality. The question is, how can you save that amount in only about two decades? Depending on your circumstances, … Continue reading → The post How to Retire at 45 With $2 Million appeared first on SmartAsset Blog.
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It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As … Continue reading → The post Am I Saving Too Much for Retirement? appeared first on SmartAsset Blog.
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To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you're among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other … Continue reading → The post Is $3 Million Enough to Retire at 65? appeared first on SmartAsset Blog.
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A Roth individual retirement account (IRA) can be a helpful tool for retirement planning. These tax-advantaged accounts offer a way to save money in addition to what you might be contributing to a 401(k) or similar workplace plan. And if … Continue reading → The post Roth IRA Income Limits for 2023 appeared first on SmartAsset Blog.
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Taking money out of a 401(k) is a big decision. The specifics of how to take money out of a 401(k) plan depend on your age, employer plan, whether you're still working for the company that sponsors your 401(k) plan … Continue reading → The post How to Take Money Out of a 401(k) Plan appeared first on SmartAsset Blog.
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With all the attention on ChatGPT, here is how to choose an AI fund. They’re not all alike.
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If you haven’t gone to therapy yet, here’s your sign: Addressing your childhood trauma could be critical for your career.
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Employment is soaring yet output is falling, by one measure. Blame a historic slump in productivity.
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If you want to use tax losses from individual equities or mutual funds to offset gains elsewhere, it is key to use an accounting system that allows you to specify which shares can be sold.
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The chip giant says its Arizona hiring is on schedule, but recruiters say the company is a hard sell.
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min )
As the world’s biggest oil producers gather to decide on a production plan, the spotlight is on Prince Abdulaziz bin Salman’s fixation on traders whose bets can cause crude prices to fall.
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(Bloomberg) -- Roiled by rising borrowing costs and falling valuations that wiped out $148 billion of shareholder value, European landlords are bracing for a new wave of pain. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the Making of Redfall, Xbox’s Latest Misfir
( 9
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Whitney rose to prominence as an Oppenheimer analyst and went on to a career in startups. Now she's ready for a new chapter.
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It is more than a century since the first jobless benefits were paid in Britain, when David Lloyd George’s Liberal government introduced unemployment insurance through the National Insurance Act of 1911.
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Markets cheered the end of the debt ceiling showdown as the Senate sent the bill to raise the US borrowing limit to President Biden's desk.
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Bouwbedrijf Heijmans heeft zaterdag het predicaat koninklijk gekregen. De bouwer uit Rosmalen bestaat honderd jaar en krijgt bij dat jubileum de royale titel uitgereikt. Shell en DSM verloren onlangs nog hun kroon. Hoe zit het met het predicaat koninklijk?
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De Amerikaanse president Joe Biden heeft zaterdag zijn handtekening gezet onder het wetsvoorstel dat de verhoging van het schuldenplafond regelt. Daarmee is voorkomen dat de VS zijn financiële verplichtingen niet meer kan nakomen.
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Ga je deze zomer buiten Europa op vakantie, denk dan goed na over het gebruik van je smartphone. Met een beetje pech verbruik je in enkele seconden voor tientallen euro's aan mobiel dataverkeer. Gelukkig zijn er manieren om te voorkomen dat je thuis een dikke telefoonrekening op de mat vindt.
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De Amerikaanse president Joe Biden ondertekent mogelijk zaterdag al het wetsvoorstel dat de verhoging van het schuldenplafond regelt, laat een regeringswoordvoerder weten.
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min )
Er zijn vijfhonderd e-mailadressen van gepensioneerden bij pensioenfonds ABP gelekt. Het lek kwam tot stand door een "menselijke fout" bij het verzenden van een e-mail, zegt een woordvoerder van ABP.
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It's possible that Saudi Arabia brings a more assertive stance to the table when OPEC+ holds its meeting on Sunday.
( 8
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All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla's website. The EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for batteries. The full $7,500 tax credit is broken into two parts.
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Changes in the Federal Reserve’s balance sheet, the Treasury’s cash balances, bank reserves, and other factors will probably affect equities.
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Company said it removed certain produced content from its DTC segment on May 26.
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Regulators don't have a clear view into the huge world of nonbank finance, or 'shadow banking.' Barron's peers into this opaque world.
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LS Power purchased 5.9 million shares in EVgo’s recent stock offering. EVgo Chairman David Nanus is on LS Power’s management committee.
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(Bloomberg) -- The relentless rally in big tech, options positioning and bets on a Federal Reserve pause following a mixed jobs report put stocks on the verge of a bull market.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiInside the Making of Redfall, Xbox’s Latest MisfireHedge Funds at War for Top Traders Dangle $120 Million Payout
( 8
min )
Analysts weigh in on Kenvue, C3.ai, CSX, Toast, and Ryanair Holdings
( 22
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Tim Chen, CEO and co-founder of NerdWallet Inc., has come a long way since the 2008 financial crisis when he found himself among the unemployed, like many others at that time. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families After spending four years working in hedge funds such as Perry Capital and JAT Capital Management, Chen received the news of his layoff around Christmas, leaving him devastated. “It was super
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Tesla stock is up more than 4% in late trading. One reason looks technical. The other looks like unemployment did the trick.
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Making money in the stock market sounds like a dream come true, and for most traders, it's just that: a dream. Unless your name is Jack Kellog, the 24-year-old who achieved $8 million in gains from day trading in 2020 and 2021. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Where It All Started Starting his trading journey in 2017 with only $7,500, Kellogg has encountered and overcome various market conditions,
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Like the PC and cellphones, artificial intelligence has the capacity to rewrite how almost every business works—including investing. Here’s how it might change things for retail and institutional investors.
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White-collar jobs are most at risk.
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min )
(Bloomberg) -- A deal to rescue one of the biggest suppliers of soybean meal fed to livestock herds around the world is at risk of falling apart because of court delays and Argentina’s worst drought in living memory.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the
( 8
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DuPont, Corteva, Chemours, and 3M shares are up after a $1.2 billion legal settlement over PFAS chemicals. Here's how investors can make sense of that.
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Wall Street analysts are telling clients TSMC's exposure to the AI trend might be limited this year.
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With the late Steve Jobs and Steve Wozniak, Apple Inc.'s co-founders, dominating the tech world for decades, it’s easy to overlook the vital role played by a lesser-known figure: Mike Markkula. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families While Jobs and Wozniak captured the limelight, Markkula’s contributions to Apple's success were no less significant. From angel investor to CEO and chairman, Markkula’s jour
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The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.
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Evercore ISI analyst Kirk Materne says artificial intelligence is going to provide a gigantic boost to Microsoft, which is in a "unique position to monetize the platform shift to AI."
( 22
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Amazon.com is reportedly in talks with phone carriers to offer low-cost or free nationwide mobile phone service to Prime subscribers.
( 23
min )
Hiring was strong in May, but wage gains showed less inflationary pressure from the labor market.
( 23
min )
Molson Coors brands Coors Light and Miller Lite have grown market share as Bud Light faced a backlash. TD Cowen analyst Vivien Azer says Molson Coors will enjoy “durable market-share momentum.”
( 22
min )
If a headset is unveiled at Monday's WWDC, Apple shares might get a big boost too.
( 22
min )
Dish Network Corp (NASDAQ: DISH) stock is up Friday amid reports of selling wireless plans for its mobile phone service through Amazon.Com Inc(NASDAQ: AMZN). Amazon has been talking with wireless carriers about offering Prime subscribers $10 a month or possibly for free and bolster loyalty among its biggest spending customers. The company is negotiating with Verizon Communications Inc (NYSE: VZ), T-Mobile US Inc (NYSE: TMUS), and Dish for the lowest possible wholesale prices, Bloomberg reported
( 7
min )
After NVIDIA's (NASDAQ:NVDA) astounding AI-fueled earnings results and guidance last week, its valuation briefly vaulted past the $1 trillion mark and Wall Street analysts scrambled to jack up estimates on the company. But that massive surge makes Nvidia a tricky buy right now: InvestingPro’s fair value algorithm calls the stock overvalued at current levels, with some 30% potential downside risk.
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Bank stocks have been “excessively penalized,” says Wells Fargo analyst Mike Mayo. Here are some names to consider.
( 22
min )
Barcalys analyst Dan Levy feels better about the EV start-up after a visit to its assembly plant in Normal, Illinois.
( 22
min )
Benzinga Made-In-China Teslas Are The Highest Quality, Says Musk: ‘It Warms My Heart’ Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is back in America after a two-day trip to China, his first since the onset of the COVID-19 pandemic. The billionaire entrepreneur made a pitstop at Giga Shanghai as part of his tour and delivered a late-night speech praising his Chinese staff. Sharing pictures from his visit to the Gigafactory on Wednesday evening, Musk tweeted, “Congratulations to Giga Shanghai & Tesla C
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(Bloomberg) -- One of Nvidia Corp.’s long-term investors is trimming bets on the stock, saying the frenzy around artificial intelligence has pushed valuations too far.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich Latin Americans Transform Laid-Back Madrid Into a New MiamiEdmond de Roths
( 7
min )
The Secure 2.0 Act has all sorts of provisions that take effect between now and 2027. Here’s when they kick in.
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↗️ Lululemon Athletica (LULU): The athletic-gear maker raised its annual outlook on sales growth in China. Shares climbed around 12%, snapping a nine-day losing streak.
↘️AT&T (T), [**Verizon (VZ)
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min )
Dollar General's lowered outlook casts a shadow on prospects for discount retailers but some analysts still see opportunities.
( 22
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(Bloomberg) -- Carvana Co. canceled a $1 billion debt swap after a group of creditors refused to exchange their notes, posing a challenge as the used car retailer attempts to rein in its debt load.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsAmazon Is in Talks to Offer Free Mobile Service t
( 7
min )
California’s homeowners are already bearing the brunt of devastating wildfires every summer. Now, it will be harder for them to find insurance companies willing to potentially cover the damages.
( 8
min )
The Wegmans supermarket chain is closing one of its largest and most unusual stores because it has not attracted enough business, the company said. The Natick, Massachusetts store will close on an undetermined date this summer, the Rochester, New York-based company said in a statement on Thursday. Making these decisions is never easy.
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Amazon.com is reportedly looking into entering mobile phone service, and telecom investors are feeling the pain.
Bloomberg News reported Friday that the retailing giant has been talking with wireless carriers about offering low-cost or free mobile to Prime subscribers.
Holders of traditional telec
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Amazon.com Inc is in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., Bloomberg News reported on Friday. The discussions, which have been going on for six to eight weeks, have also included AT&T Inc at times, the report said, citing people familiar with the matter. Bloomberg News also said Amazon has been negotiating to get the lowest possible wholesale prices that would let it offer Prime members wireless plans for $10 a month or possibly for free.
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Amazon.com Inc has been in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., a report by Bloomberg News said on Friday, citing sources familiar with the matter. Amazon.com Inc, Verizon and T-Mobile did not immediately respond to a Reuters request for comment.
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A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.
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Once a pension has vested, you should be entitled to keep those funds, even if you're fired. However, you aren't always entitled to all the money in your pension fund. In some cases, you might lose some, or even all, … Continue reading → The post Can You Lose a Vested Pension? appeared first on SmartAsset Blog.
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The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.
( 8
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The electric-vehicle charging company reported a first-quarter per-share loss of 15 cents from $130 million in sales. Wall Street was looking for a 19 cents loss from $128 million in sales.
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(Bloomberg) -- 3M Co. faces an existential threat from lawsuits over allegedly cancer-linked “forever chemicals” that have leached into municipal water supplies, with the company’s liability possibly hitting $143 billion for cleanup alone. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich L
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Filings from Fidelity estimate that the company is worth one third what investors paid for their stakes.
( 7
min )
Sales of recreational vehicles are way off their pandemic peak, but the industry won’t be in the breakdown lane for long.
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Analysts have raced to boost their price targets on the chip maker’s stock after the company’s market value gained $650 billion since October.
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Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.
( 8
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Ppportunities—and risks—abound after a tough couple of years.
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(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpApple Plans Major Retail Push With New Stores Across China, USBrazil and China recently struck a deal to settle trade in their local currencies, s
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(Bloomberg) -- Australia’s largest pension fund AustralianSuper has frozen all future contracts with PricewaterhouseCoopers as it assesses the fallout of the embattled accounting firm’s tax advice scandal. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultWall Street Banks Are Using AI to Rewire the World of FinanceHedge Funds at War for Top Traders Dangle
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min )
The Dow moved up by more than 700 points after the Labor Department's stronger-than-expected jobs report.
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min )
A current account savings account is aimed at combining the features of savings and checking accounts to entice customers to keep their money in banks.
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A careful look at data from nonpartisan sources suggests that any increases have been modest by historical standards.
( 21
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Reverse mortgages can provide supplemental income for retirees. Learn the biggest mistakes to avoid with a reverse mortgage.
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Social media optimization (SMO) is the use of social media networks to manage and enhance an organization’s message and online presence.
( 21
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High mortgage rates and elevated prices are keeping would-be homebuyers in New York out of the housing market.
( 17
min )
A transfer of physical assets (TPA) is involved when a HUD-insured loan is attached to a real estate transaction.
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Markets rose after a strong jobs report and Senate passage of the debt ceiling bill, which will avoid a government default.
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These inventions in the fields of finance, healthcare, technology, food, and energy have greatly improved our standard of living.
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Why the Oracle of Omaha's approach to investing has served him well over the years.
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A depository is a facility such as a building, office, or warehouse in which something is deposited for storage or safeguarding. Learn more about how they work.
( 24
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A dormant account is a customer bank deposit that has seen no activity other than the posting of interest for a long period of time. Here's what happens to dormant accounts.
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If you pay off your car loan early, you can typically save money on the total cost of the loan as you reduce the amount of interest you pay.
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3M shares jumped following a report of a settlement over claims of water pollution from "forever chemicals."
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These four professional organizations are among the most respected and well known among financial advisors.
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Taking steps to improve poor credit standing is called credit repair. You can do your own credit repair, but it can be labor intensive and time consuming.
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Learn who the top 10 billionaires in the world are and how they built their wealth.
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Construction Occupancy Protection Exposure (COPE) is a set of risks property insurance underwriters evaluate when writing insurance policies.
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American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.
( 18
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A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
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The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.
( 17
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Amazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers.
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If you can avoid these mistakes when house-hunting, you'll be more likely to find a home that suits both your feelings and your finances.
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A check is a written, dated, and signed draft that contains an order directing a bank to pay a definite sum of money to a payee. Learn how checks work.
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Sovereign default is a failure by a government to repay its country's debts.
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Here's why all or part of your 401(k) plan may not be accessible after your employment ends. In time, you may (or may not) receive all the funds.
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A money-weighted rate of return is the rate of return that will set the present values of all cash flows equal to the value of the initial investment.
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Holding period return is the total return received from holding an asset or portfolio of assets over a period of time, and is generally expressed as a percentage.
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Markets soared midday on Friday following Senate passage of the debt ceiling bill and the Labor Department's jobs report showing more jobs were added to the economy than expected last month.
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Operating leverage can tell you a lot about a company and its future profitability, and the level of risk it offers to investors. Learn the pros and cons.
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MongoDB's profit and sales exceeded analysts' forecasts and CEO Dev Ittycheria said the company is well positioned to gain from the AI boom.
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Lululemon's earnings and revenue beat estimates as sales in China soared after COVID-19 restrictions were lifted.
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A bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.
( 24
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A report Friday sent contradictory signals about the job market, showing the economy was both gaining and losing jobs—thanks to a quirk in the way the government gathers data.
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Rates on 30-year mortgages fell for a third day in a row. They're now more than a half percent below Friday's high, and at their lowest point in two weeks.
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Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain.
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The labor market once again blew past the expectations of economists—the consensus forecast called for only 188,000 jobs to be gained, according to Wells Fargo Securities.
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You can open an offshore bank account to bank in another country, but the process can be take longer. Here's how opening an offshore bank account works.
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It’s better to think long term than to panic and sell stock at a low during a downturn, but you need to have a strategy for different outcomes.
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The Senate passed a bill Thursday night, averting a looming debt crisis and potential economic disaster.
( 16
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Real-time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits.
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The money you have stored on a mobile payment app may be at more risk than you think if the company providing it runs into financial trouble, the government’s consumer watchdog has warned.
( 17
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Risk-weighted assets are used to determine the minimum amount of capital that must be held by a bank, by assigning risk levels to each type of asset.
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A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss.
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Het Britse olie- en gasbedrijf BP en het British Museum zetten na 27 jaar een punt achter de sponsoring. Het museum maakt zich daarmee los van de fossiele industrie, wat campagnevoerders toejuichen.
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Vanaf de zomer van 2024 rijden maandenlang geen Eurostar-treinen van Amsterdam naar Londen. Vanwege de verbouwing van Amsterdam Centraal is er geen ruimte meer voor de douane. Het kan elf maanden duren voordat de treinen weer rijden vanuit Amsterdam, schrijft staatssecretaris Vivianne Heijnen (Infrastructuur) in een Kamerbrief.
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ING is vrijdagmiddag opnieuw door een storing getroffen. Klanten van de bank kregen geen toegang tot de app en internetbankieren. Daardoor konden zij niet bij hun bankrekening en dus geen geld overboeken. De bank meldt iets voor 17.00 uur aan NU.nl dat de problemen verholpen zijn.
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Topman Sergio Ermotti van de Zwitserse bank UBS waarschuwt voor "pijnlijke" besluiten over het schrappen van banen na de overname van branchegenoot Credit Suisse.
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Werknemers krijgen straks meer ruimte om hetzelfde werk bij een concurrent te doen als hun dienstverband erop zit. Op dit moment zitten ze soms ten onrechte vast door een concurrentiebeding. Dat zit de doorstroom op de arbeidsmarkt in de weg, vindt verantwoordelijk minister Karien van Gennip.
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Terwijl landen met horten en stoten proberen hun CO2-uitstoot terug te dringen, blijft er grote onzekerheid over andere broeikasgassen. Het is onduidelijk of we de uitstoot van gassen als methaan wel genoeg kúnnen verminderen om de opwarming van de aarde te beperken tot 1,5 graden, blijkt uit nieuw onderzoek.
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Bierbrouwer Heineken heeft vorige week posters en digitale afbeeldingen weggehaald nadat er klachten waren over de leeftijd van de modellen. Die leken veel jonger dan 25 jaar, en dat mag niet in reclames voor alcoholische drankjes.
( 3
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ING is vrijdagmiddag opnieuw getroffen door een storing. Klanten van de bank krijgen geen toegang tot de app. Daardoor kunnen zij niet bij hun bankrekening en is het overboeken van geld onmogelijk.
( 3
min )
De onrust onder het personeel van autofabriek VDL Nedcar in het Limburgse Born houdt aan. De werknemers leggen maandag opnieuw 24 uur lang het werk neer. Later in de week volgen meer acties.
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min )
China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.
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Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Daardoor staan ze nu op het laagste niveau sinds april 2021. Dit komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.
( 4
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China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.
( 3
min )
De VriendenLoterij en de Nationale Postcode Loterij hebben een dwangsom gekregen omdat ze online spellen aanbieden zonder dat ze daar de juiste vergunning voor hebben. De loterijen zijn zich van geen kwaad bewust en hebben bezwaar aangetekend.
( 3
min )
Facebook-moederbedrijf Meta heeft een nieuwe virtualrealitybril (VR-bril) aangekondigd. Dankzij camera's aan de buitenzijde van de Meta Quest 3, kunnen dragers voor het eerst de echte wereld door een VR-bril bekijken. Zo kun je met de bril nu virtuele meubels en bordspellen zien.
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Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Dat komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.
( 3
min )
Een meerderheid van de Amerikaanse senatoren heeft donderdag voor een verhoging van het schuldenplafond van de Amerikaanse overheid gestemd. Dit voorkomt dat de Verenigde Staten voor het eerst in de geschiedenis niet meer aan zijn betalingsverplichtingen kan voldoen.
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The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool. The unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April. The stronger hiring demonstrates the job market's resilience after more than a year of rapid interest rate increases by the Fed. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.
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Dell beat expectations despite continues macro headwinds. The company hinted that it is feeling more upbeat on the outlook for the 2023 second half.
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Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq's minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. A reverse stock split consolidates the number of existing shares into fewer shares. Nikola, which closed at about 57 cents on Thursday, said last week it received a delisting notice from the stock exchange.
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(Bloomberg) -- Broadcom Inc., one of the world’s biggest chipmakers, said that artificial intelligence spending is helping fuel sales, but not enough to offset a broader post-pandemic slowdown. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as L
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min )
The Energy Select Sector SPDR ETF is down about 16% from a multiyear peak in late 2022, and the SPDR S&P Metals & Mining ETF is down about 30%.
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Some may hate a lot in the debt ceiling package, but economists say the plan's actually a good compromise that'll benefit everyone. Here's why.
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Tech stocks are racing past the broader market today. Traders are rushing to play the move higher.
The recent rally has been marked by heavy activity in bullish options tied to tech. Nvidia call options hit one of the highest levels on record in recent sessions, as did activity in the Technology Se
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Investors in the iPhone maker will be watching for any exciting business updates during the Apple's Worldwide Developers Conference next week.
( 22
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The AI software play's shares have been fluctuating wildly. But the CEO says the path ahead looks great.
( 22
min )
(Bloomberg) -- 3M Co., DuPont de Nemours Inc. and other makers of per-and polyfluoroalkyl substances, or PFAS, have agreed to pay more than $100 million to resolve a Georgia city’s lawsuit claiming the chemicals polluted its drinking water, according to a person familiar with the matter.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Pas
( 8
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Ford Motor Co sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees. The lawsuit Ford filed in Detroit federal court accused the insurer and its regional Michigan branch of unlawfully dividing up parts of the country in a scheme to reduce competition with each other in order to drive "astronomical profits." The allegations from Ford, employing more than 170,000 workers worldwide, relate to a $2.7 billion settlement that Blue Cross Blue Shield Association and its three dozen member companies reached in 2020 with corporate and individual policy holders in Alabama federal court.
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Sir Rod Stewart has abandoned a deal to seal his 60-year career in music by selling his song catalogue after negotiations with a controversial industry mogul turned sour.
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Vanguard Group, the world's largest issuer of mutual funds, was fined and censured by the Financial Industry Regulatory Authority (FINRA) for errors appearing in about 8.5 million customer account statements. FINRA, Wall Street's self-regulatory organization, said in a filing signed last month by representatives of both parties that Vanguard overstated projected yield and projected annual income for nine money market funds from November 2019 to September 2020. "From at least October 2019 to June 2021, certain VMC account statements inaccurately presented market appreciation/depreciation and investment returns," the filing said.
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The student loan pause was the first break for millennials since they graduated into the Great Recession. Now, they're bracing for payments to restart.
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(Bloomberg) -- Shares of Rivian Automotive Inc., the money-losing electric vehicle startup, may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from their record high, according to JP Morgan Securities.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBi
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min )
Warren Buffett and Jim Cramer are talented in their own right. One is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades. The other is the charismatic host of “Mad Money” on CNBC who has made numerous intriguing stock picks, to the extent that there are now exchange-traded funds (ETFs) designed both in favor of and against his recommendations. If you want to follow Buffett’s coattails, you can check out Berkshire Hathaway (NYSE: BRK
( 9
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J.P. Morgan analyst Christopher Horvers downgraded his rating on Target to Neutral from Overweight and cut his price target.
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In a dispute about the pressure that organized labor can exert during a strike, the Supreme Court ruled Thursday against unionized drivers who walked off the job with their trucks full of wet concrete. The lone dissenter in the case, Justice Ketanji Brown Jackson, said the ruling would hinder the development of labor law and “erode the right to strike." Justice Amy Coney Barrett, writing for the majority, said the union failed to take reasonable precautions to protect the company's concrete when the drivers went on strike.
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Generative AI has been a popular investment theme this year.
( 22
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Some customers with Apple savings accounts, which are a partnership with Goldman Sachs, say it has taken weeks to withdraw money.
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min )
Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.
( 22
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The main piece of this week involved the debt ceiling deal reached by the White House and House Speaker Kevin McCarthy. The deal has passed the House and now awaits approval in the Senate for the US to avoid a default. The chances of it passing are good, says Raymond James CIO Larry Adam, who is “generally optimistic about the passage of the deal,” while also noting that the “reduction in uncertainty will be a net positive for the equity market. In any case, Adam notes that through the whole deb
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After a three-year pause, borrowers will have to make monthly payments again starting Aug. 30.
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(Bloomberg) -- In case there was any doubt, the lower-income US consumer is in full retreat.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapBillionaire Perot Warns of Real Estate Recession as Loans Dry UpDollar General Corp.’s shares plunged the most since August 2016 after the discount retailer s
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min )
The money manager sent statements with incorrect information about fund yields and income, according to the Financial Industry Regulatory Authority.
( 28
min )
Big Tech valuations look reasonable when you factor in how quickly the powerhouse companies are growing earnings.
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min )
First came Bud Light. Then Target. Now more companies are facing potential pushback from a segment of customers unhappy with their embrace of the LGBTQ community.
( 22
min )
A "nest egg" generally refers to retirement savings that you typically don't touch until you retire. It's the money you save for the future so that you have something to fall back on when you retire. Oftentimes, growing your nest … Continue reading → The post What Is a Nest Egg for Retirement? appeared first on SmartAsset Blog.
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Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.
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J.P. Morgan downgraded its rating on the shares to Neutral from Overweight and its target price to $85 from $95.
( 22
min )
The retailer's first-quarter earnings of $2.34 per share were slightly shy of the $2.38 per share analysts expected.
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(Bloomberg) -- The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its last act on a different stage: the courtroom. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as Arnault’s LVMH SinksBillionaire Perot Warns of Real Estate Recession as Loans
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Macy's slashed its outlook for the entire year with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation. Shares tumbled more than 10% before the opening bell Thursday and dragged other retailers down as well. Macy's reported net income of $155 billion, or 56 cents per share, far short of the 45 cents Wall Street was looking for, and a significant decline from the $286 million earned during the same period last year.
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Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.
( 22
min )
OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude and supplies around 60% of the oil export market, meaning its policy decisions can have a major price impact. As the economic outlook worsened, several members of OPEC+ in April pledged voluntary cuts starting from May and to continue to the end of the year.
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The billionaire Virgin founder shared his top advice for budding founders.
( 8
min )
U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least for this presidential term, with the debt ceiling deal he struck with Republicans on Saturday. The deal to cap discretionary spending and suspend the debt ceiling contains no tax rate changes to raise revenue; it also slashes new funding Biden had allocated to the hollowed-out Internal Revenue Service.
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There’s really no hiding from AI anymore. Even if you don’t work with it professionally, chances are that AI has powered your search engine use, or you’ve at least tinkered with a chatbot like ChatGPT. Beyond that, AI is behind the targeted ads that we see on social media or Google; it tracks our internet and social media use, and selects ads accordingly. What this means for the future – of computing, of statistics, of data analysis, of marketing and advertising – hasn’t yet come fully into focu
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What's moving most in the stock market today.
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(Bloomberg) -- A lopsided trade relationship with India is forcing Russia to accumulate up to $1 billion each month in rupee assets that remain stranded outside the country, swelling the stockpile of capital it’s amassed abroad since the invasion of Ukraine.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as A
( 9
min )
Wall Street expects revenue to grow 7% year over year in the latest quarter.
( 22
min )
Despite a meteoric rise in recent months, the valuations of big tech stocks appear reasonable when you factor in how quickly they are growing earnings.
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min )
(Bloomberg) -- Stocks in Asia were broadly higher in choppy trading as the House passed a deal to avert US default and investors weighed the prospect of a pause in rate hikes from the Federal Reserve this month.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’
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min )
Saying ‘insider trading’ conjures up images of smoky back rooms and shady deals, but that’s only for the movies. In real life, insiders refer to corporate officers, such as CEOs, CFOs, COOs, and directors, who are responsible for running their companies profitably. They don’t take trading their own companies’ stocks lightly. While they may sell for various reasons, they only buy when they anticipate a rise in the share price. That makes the insiders’ trading moves one of the surest signs that in
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min )
A telegraphic transfer (TT) is an electronic method of transferring funds used primarily for overseas wire transactions.
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min )
The banking sector is an essential part of the U.S. and world economies, safeguarding assets and supplying credit to individuals and businesses.
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min )
A fixed interest rate remains the same for a loan's entire term, making long-term budgeting easier. Some loans combine fixed and variable rates.
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min )
Markets gained on Thursday, June 1, 2023 as bipartisan plan to raise the debt ceiling advances in Congress.
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min )
Dollar General profit, sales miss estimates as inflation hits customer spending, sending shares lower.
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min )
The price of one currency compared to another is not necessarily an indication of wealth, power, or strength.
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Administrative services only (ASO) is an agreement that companies use when they fund their employee benefit plan but hire a vendor to administer it.
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min )
Hormel beats profit estimates, sending shares higher.
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min )
April construction spending rose, though high mortgage rates are weighing down on construction of single-family homes which, ideally, should be in demand amid a lack of housing inventory.
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min )
In FX, it's not the price environment that decides this for you. Learn the differences to see which you prefer.
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min )
The swap rate is a special kind of interest rate that is utilized for the calculation of fixed payments in a derivative instrument called an interest rate swap.
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min )
A wirehouse is a term describing a full-service brokerage firm.
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min )
Whether a creditor can seize your retirement savings will depend on the type of account in which you are holding your money and the type of creditor.
( 19
min )
When required payments on federally-held student loans resume this September, borrowers will have $5 billion a month less to spend on other things, putting stress on an economy already facing the prospect of a recession.
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min )
As the EU officially signs MiCA regulation into law, an EU Parliamentary study suggests crypto assets should be treated as securities by default. Is it vindication for SEC chair Gensler?
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min )
The inflation-adjusted return is a measure that accounts for the return period's inflation rate.
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The questions financial advisors ask can help them build trust and better understand their client’s needs. Here are ten key questions to ask up front.
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min )
The World Economic Forum (WEF) holds a yearly conference in Davos, Switzerland, for leaders in business and politics to discuss global issues.
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min )
A Supreme Court ruling has made it harder for investors to sue over direct listing stock offerings, potentially making them a more appealing option for companies going public.
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Reverse mortgages have two primary criteria—you must be at least 62 years old and you must own a significant amount of equity in your home.
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min )
Meta Platforms Inc. unveiled its latest virtual reality (VR) headset Thursday, just days before Apple Inc. is expected to jump into the ring with its own augmented reality headset.
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min )
U.S. equities gained at midday on Thursday, June 1, 2023 following House passage of the debt ceiling bill.
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min )
Tear sheets are used to describe S&P's summary sheets for public companies in the days before the internet.
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min )
Nordstrom reported a surprise quarterly profit and better-than-expected revenue.
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min )
Borrowers could lower their monthly mortgage payments without having to refinance at decades-high interest rates under a new proposal from the Federal Housing Authority.
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min )
While a debt consolidation loan can be a personal loan, business debt consolidation loans are also available. Additionally, there are more kinds of personal loans than just debt consolidation loans.
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Salesforce shares dropped after the cloud-based enterprise software provider reported higher-than-expected spending and warned of changes in customer buying behavior.
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Balance transfers and personal loans can help improve your finances, but they are different products. A balance transfer focuses on moving your debt from one creditor to another, usually for a lower interest rate, while a personal loan is a new debt.
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Although most negative information stays on your credit report for seven years, there are exceptions you should be aware of.
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A direct public offering (DPO) is an offering where the company offers its securities directly to the public without financial intermediaries.
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Elon Musk has once again become the world's richest person as a sputtering Chinese economy hurts Bernard Arnault's luxury goods empire.
( 16
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Rates on 30-year mortgages fell for a second day in a row, now down 36 basis points from Friday's high. All other purchase rates, except for 7/6 ARM loans, were also down.
( 20
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A bill suspending the nation’s debt ceiling until 2025 is now in the hands of the Senate, a major step toward averting a government default that threatened economic catastrophe.
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A triggering term is a word or phrase that requires the presentation of the terms of a credit agreement when used in advertising literature.
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The last time mortgage lenders did this little business, Bill Clinton was president, there was no such thing as an iPod, and a typical house cost $147,000.
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A credit review is a periodic assessment of an individual’s financial profile, often used to determine a potential borrower's credit risk.
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Nederlanders hebben ook in 2022 meer schone energie verbruikt dan het jaar ervoor. Vooral het gebruik van zonnepanelen zit in de lift. Biomassa is juist minder verstookt en ook het gasverbruik - dat niet duurzaam is - is flink gedaald. Dat blijkt uit cijfers van statistiekbureau CBS.
( 3
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Gerard Sanderink is in zeven maanden tijd bij twee van zijn bedrijven buitenspel gezet door de rechter. Hoe kan dit als de omstreden miljonair volledig eigenaar en bestuursvoorzitter van Strukton is en dat eerder van Centric was?
( 7
min )
Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de vierde aflevering kijken ze naar de grote impact die Philips heeft gehad op Eindhoven. De komende weken zie je iedere donderdag vanaf 17.00 uur een nieuwe aflevering op NU.nl.
( 3
min )
De casino's van het Aziatische gokparadijs Macau draaien weer als vanouds. De omzet steeg in mei met maar liefst 366 procent tot 1,93 miljard dollar (1,8 miljard euro). Dat is het hoogste niveau sinds het begin van de coronacrisis in januari 2020.
( 2
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De inflatie in de eurozone is nog steeds te hoog, waardoor een strikter monetair beleid noodzakelijk is. Dat heeft president Christine Lagarde van de Europese Centrale Bank (ECB) donderdag gezegd.
( 3
min )
Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de vierde aflevering kijken ze naar de grote impact die Philips heeft gehad op Eindhoven. De komende weken zie je iedere donderdag vanaf 17.00 uur een nieuwe aflevering op NU.nl.
( 3
min )
De inflatie is afgelopen maand wéér gestegen, maar experts zien geen reden tot paniek. De dalende energiekosten en goede oogsten voorspellen dat de markt weer tot rust kan komen. Maar door vertragingen in de voedselketen betaal je in de supermarkt nog wel de volle mep.
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Een meerderheid van de twaalfduizend werknemers in de Nederlandse zuivelindustrie gaat akkoord met de nieuwe cao. Dat betekent dat de lonen met bijna 12 procent omhooggaan en nieuwe stakingen definitief van de baan zijn.
( 3
min )
Ondernemer Gerard Sanderink is langer geschorst als topman van bouwbedrijf Strukton. Rechters hebben het beheer over zijn aandelen in dat bedrijf en holdingmaatschappij Oranjewoud overgedragen aan iemand anders.
( 2
min )
Zelfstandigen betalen straks gemiddeld 225 euro per maand voor een verplichte arbeidsongeschiktheidsverzekering. Dat verwacht minister Karien van Gennip (Sociale Zaken). Voor zelfstandigen met lagere inkomens valt de premie lager uit. Ook is het bedrag aftrekbaar van de belasting.
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min )
De Eerste Kamer stemde dinsdag in met de nieuwe pensioenwet. In het nieuwe stelsel wordt 1.500 miljard euro verdeeld in twintig miljoen persoonlijke pensioenpotjes. Daardoor gaat je pensioen sneller omhoog óf omlaag. Op het nieuwe pensioenstelsel werd op ons reactieplatform NUjij flink gereageerd. Veel NUjij'ers hadden hierbij de nodige vragen. Economieredacteur Thijs Rösken geeft antwoord.
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Autofabriek VDL Nedcar gaat in november al een groot deel van het personeel ontslaan. Duizend werknemers en nog eens 800 uitzendkrachten die in Born in Limburg werken, moeten in het najaar vertrekken. Dat terwijl de fabriek nog tot maart 2024 MINI's maakt voor BMW.
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Verzekeraar Allianz ziet dat er steeds meer branden zijn op schepen. Vorig jaar waren er ruim tweehonderd incidenten, het grootste aantal in tien jaar. Acht schepen gingen hierbij verloren. De oorzaak wordt onder meer gezocht in het groeiende transport van goederen met batterijen, zoals elektrische auto's.
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De wereldwijde capaciteit van duurzame energie groeit dit jaar naar verwachting met 440 gigawatt. Het is de grootste groei ooit, meldt energieagentschap IEA donderdag. Dat de groei versnelt, komt onder meer door subsidies, hoge prijzen voor fossiele energie en het dichtdraaien van de gaskraan door Rusland.
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In bijna alle Europese landen stijgen prijzen steeds minder hard. Daarop is één uitzondering: Nederland. In ons land lopen prijzen juist weer harder op.
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Het overgrote deel van de werknemers in de distributiecentra van Albert Heijn heeft ingestemd met de nieuwe cao. Stakingen zijn daarmee definitief van de baan, laten de vakbonden FNV en CNV donderdag weten.
( 3
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KPN vraagt vanaf 1 juli gemiddeld 3,17 euro meer per maand voor zijn internetpakketten. De telecomprovider verhoogt de prijs vanwege de hoog opgelopen inflatie.
( 3
min )
Tesla-topman en Twitter-eigenaar Elon Musk is weer de rijkste persoon op aarde. Hij neemt het stokje over van Bernard Arnault, de Franse bestuurder van luxeconcern LVMH, bekend van kledingmerk Louis Vuitton en Moët & Chandon-champagne.
( 3
min )
De wereldwijde capaciteit van duurzame energie groeit dit jaar naar verwachting met 440 gigawatt. Het is de grootste groei ooit, meldt energieagentschap IEA donderdag. Dat de groei versnelt, komt onder meer door subsidies, hoge prijzen voor fossiele energie en het dichtdraaien van de gaskraan door Rusland.
( 4
min )
Amazon heeft in de Verenigde Staten een schikking van omgerekend bijna 29 miljoen euro getroffen. Toezichthouder FTC had een zaak tegen het techbedrijf aangespannen. Amazon zou met zijn Ring-videodeurbellen en slimme Alexa-luidsprekers de privacy van gebruikers schenden.
( 3
min )
Prijzen van goederen en diensten waren vorige maand 6,1 procent hoger dan een jaar eerder. Dat is een grotere stijging dan in april, toen de inflatie uitkwam op 5,2 procent. Dat blijkt uit cijfers van statistiekbureau CBS.
( 3
min )
Vroeger werden vooral geteeld in Zeeland en Flevoland, nu is de uienteelt ook populair in andere delen van Nederland. Steeds meer boeren verbouwen uien.
( 3
min )
Een meerderheid in het Amerikaanse Huis van Afgevaardigden heeft gestemd voor de verhoging van het schuldenplafond van de overheid. De onlangs gesloten deal is daarmee goedgekeurd door het parlement in de Verenigde Staten.
( 3
min )
Jongeren die hun eerste huis willen kopen, kunnen de hypotheekadviseur links laten liggen en bij een robotadviseur aankloppen. Een computermodel van De Hypotheekshop zegt op basis van een algoritme welke hypotheek bij welke bank ze moeten nemen.
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(Bloomberg) -- C3.ai Inc. plunged more than 15% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates, fueling concerns the artificial intelligence software company is not living up to the investor enthusiasm that has seen its stock price more than triple this year.Sales will increase 11% to 20% to a midpoint of $307.5 million in the fiscal year ending April 2024, the Redwood City, California-based company said Wednesday in a statement. Analysts
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min )
(Bloomberg) -- Salesforce Inc. isn’t growing as fast as it used to while the software company shifts its focus to generating higher profits instead. Investors are concerned.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arnault’s LVMH SinksTh
( 8
min )
The electric vehicle boom isn’t just about passenger cars and trucks, it’s also about the millions of speedboats and other recreational boats
( 18
min )
Elon Musk expects residential and commercial property values to slide as higher interest rates, recession fears, and tighter lending take their toll.
( 7
min )
Amid turnaround efforts, the company lifts its margin goals for the year.
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min )
The pet-product retailer reported a surprise profit.
( 22
min )
Fears of a recession causing havoc to the markets are not reserved solely to the average investor. Even some of Wall Street’s most lauded stock pickers are worried about the implications. Citing an unnerving disconnect between the current positioning of stocks and bonds – essentially, the bond market pricing in a recession while stocks appear to factor in a more optimistic outlook – billionaire Cliff Asness thinks things could get hairy if a recession comes into play. “If inflation stays sticky
( 10
min )
The identity management software company posted April quarter results that topped guidance for sales and earnings.
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Dow had previously projected revenue for the ongoing quarter in the range of $11.75 billion to $12.25 billion. At a Bernstein conference, Dow flagged that demand in China continues to be "uneven", and said it witnessed lower-than-expected demand for home appliances and building materials in April. Weaker demand in other sectors affect Dow, which sells its products such as coatings and adhesives to industries ranging from automobiles and food packaging to electronics.
( 6
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The electric, autonomous air taxi start-up is now a wholly owned subsidiary of Boeing.
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The question isn't so easy to answer. A look at the auto maker's stock charts can help.
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Intel was best-performing stock in the DOW after the company said current quarter revenue would be at the high end of its guidance.
( 16
min )
Stocks have climbed in 2023 after suffering through a bear market in 2022. But according to legendary investor Jim Rogers, the next downturn could be more painful. In a recent interview with Real Vision, Rogers explained why his outlook is so bleak. “[In] 2008, we had a bear market because of too much debt,” he said. “Look out the window since 2008, debt everywhere has skyrocketed.” And that does not bode well for investors. “It’s a simple statement that the next bear market will be the worst in
( 8
min )
Walmart is raising wages for thousands of U.S. pharmacists and optometrists, the retailer said on Wednesday, part of its broader plan to expand primary care services across the country. The Bentonville, Arkansas-based chain said about 3,700 pharmacists would get a bump in pay starting on Wednesday, bringing their total annual average pay to more than $140,000, excluding bonuses and incentives. More than 4,000 opticians will also receive fatter paychecks, with their average hourly pay rising to more than $22.50 with this investment, Walmart executives wrote in a blog post.
( 7
min )
Nvidia CEO Jensen Huang urged businesses and workers to take advantage of A.I. to “supercharge” their performance.
( 8
min )
Advance Auto Parts continues to struggle amid higher costs and inflationary pressures, opening a door for its competitors.
( 14
min )
The U.S. Federal Trade Commission filed a lawsuit on Wednesday against Amazon.com's doorbell camera unit Ring, according to a filing with the U.S. District Court for the District of Columbia. The FTC said Ring gave employees unrestricted access to customers' sensitive video data said "as a result of this dangerously overbroad access and lax attitude toward privacy and security, employees and third-party contractors were able to view, download, and transfer customers' sensitive video data for their own purposes."
( 5
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Target said on May 24 that it had removed some Pride Month-related offerings and changed its LGBTQ-friendly merchandise assortment after a backlash.
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A wave of corporate defaults is looming, with the U.S. expected to be hit harder than Europe, Deutsche Bank said in a Wednesday report.
Its strategists forecast that credit losses will rise steadily this year, before picking up more sharply in 2024, when they expect a recession in the U.S.
"Our cy
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Nielson data through May 20 shows that Bud Light volume declines are continuing to accelerate, slumping 27.2%, compared with a 25% fall the prior week.
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Software firm C3.ai reports earnings after the close Wednesday, one day after a 33% spike in the company's share price amid an investor frenzy for artificial-intelligence stocks.
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The first half of the year has been bright for Microsoft—and Wall Street is paying close attention.
( 22
min )
Exxon Mobil Corp. shareholders on Wednesday overwhelmingly supported the company's views on climate reports and strategies, rejecting proposals for report on methane, greenhouse gas reporting and oil-spill preparations by a wide margin. None of the initiative proposals received more than 36% of votes cast, according to early results at the online shareholder meeting. Results showed a lessening of support for proposals designed to strengthen oil and gas firms contributions to tackling climate change.
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SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.
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My company provides both a traditional and Roth 401(k) option. My question is whether I should contribute to a traditional 401(k), Roth 401(k) or a mix of both. I am 31 years old, single and live in San Francisco. My … Continue reading → The post Ask an Advisor: I'm 31, Make $80k Per Year and Have About $250k in Assets. Should I Switch to a Roth 401(k)? appeared first on SmartAsset Blog.
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The boom in chip maker's stock has Wall Street wondering where they will go next. Technical analysis is a good place to start figuring that out.
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Software giant Salesforce had a blockbuster January quarter. It reports earnings for the April quarter on Wednesday, after the market closes.
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NYU's Aswath Damodaran explains why Nvidia doesn’t belong in the trillion-dollar club.
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Occidental Petroleum Corp (NYSE: OXY) stock is down Wednesday as Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) ramps up its stake in the oil company. The Warren Buffett-backed conglomerate owns 24.9% of Occidental Petroleum after buying about $275 million of stock in the energy company recently, Barron's reports. The firm procured 4.66 million shares of Occidental Petroleum on Thursday, Friday, and Tuesday in the open market, bringing its total ownership to 222 million shares worth $13 bill
( 7
min )
Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that's under construction near Greensboro, North Carolina. The plant will supply batteries to Toyota's huge complex in Georgetown, Kentucky, which will build Toyota's first U.S.-made electric vehicle, a new SUV with three rows of seats. The plans, announced Wednesday, won't immediately create any more jobs at either the Kentucky or North Carolina factories.
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Investors are constantly looking for stocks that will yield massive returns. That being said, finding these stocks can seem like an overwhelming task. Not to mention it can be expensive. Some of the most well-known names like Amazon and Alphabet can put you out thousands of dollars for just a single share. However, snapping up stocks with strong long-term growth prospects doesn’t have to cost you your entire savings. Defined these days as stocks priced under $5 per share, the penny stocks offer
( 10
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U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
( 8
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A consumer backlash to Bud Light beer has spread to other Anheuser-Busch beers, according to a Bank of America report, further dragging down shares that have been sliding since the start of May.
Bud Light sales vo
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NEW YORK (Reuters) -JPMorgan Chase & Co's former general counsel Stephen Cutler wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.
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The analysts from J.P. Morgan upgraded Chevron's stock to Neutral after keeping it at Sell equivalent for more than a year.
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Retirement isn't always planned. For most people, reaching retirement age means finishing a lifetime of hard work. They have saved up enough to rest and enjoy their days without a daily grind. That isn't always the case though. Occasionally someone … Continue reading → The post How to Handle a Forced Retirement appeared first on SmartAsset Blog.
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AI remained in focus Wednesday, playing a role in some of the day's notable moves.
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As beer drinkers walk by fully stacked shelves of Bud Light, more and more Americans are reaching for Modelo Especial following controversy over a transgender influencer.
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min )
Investors have gotten too bearish on Covid-19 vaccine-makers.
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Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.
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Activist hedge fund Legion Partners has met with the board and management of the software company.
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The company also cut its full-year sales forecast and quarterly cash dividend. "We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations," Chief Executive Officer Tom Greco said in a statement.
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Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank’s business with convicted sex offender Jeffrey Epstein.
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Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday. Most analysts expect oil to trade around the $80-level per barrel this year, with data and analytics firm Kpler noting that "macroeconomic concerns are a major driver of crude prices this year, overshadowing relatively tight fundamentals." West Texas Intermediate (WTI) U.S. crude is expected to average $79.20 a barrel in 2023, down from the previous month's $82.23 consensus.
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Oil from Texas will soon be part of the calculation known as Brent crude.
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(Bloomberg) -- Whether they favor debt-limit brinkmanship or not, most Americans are alarmed by the level of US government borrowing. Treasury Secretary Janet Yellen isn’t one of them.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatPutin Orders Tighter Defenses After Drone Strikes on MoscowJPMorgan Builds Unit for Wo
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min )
JPMorgan's CEO is currently in Shanghai for a series of conferences, in his first visit to mainland China since the COVID pandemic.
( 8
min )
Hundreds of Credit Suisse's employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Swiss newspaper Blick reported earlier on Wednesday that each day around 150 people worldwide were resigning from Credit Suisse while one of the two people said they saw about 200 resignations a week.
( 7
min )
Nvidia founder and CEO Jensen Huang Jen-hsun said China's ability to catch up in chip technology should not be underrated, as the country pours massive resources into shoring up the sector amid mounting export restrictions by the US and its allies. The world's most valuable chip maker, which has been barred by Washington from selling its most advanced chips to customers in China, must "run very fast" to stay competitive, Huang told reporters at a round table at Computex Taipei, an annual technol
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min )
(Bloomberg) -- China’s economic mire reverberated beyond the country’s domestic markets, with Asian stocks falling along with US and European futures Wednesday.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapJPMorgan Builds Unit for World’s Richest Families in Wealth Bet
( 9
min )
(Bloomberg) -- China’s economic recovery weakened in May as manufacturing activity continued to slump, prompting investors to dump stocks and call for more stimulus measures to boost growth.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy Confident on
( 8
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Here’s an options strategy for aggressive investors who want to harness Nvidia’s surge.
( 22
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Millennials may no longer be the economic victims of years past. While they're making up lost ground, three major hurdles still stand in their way.
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min )
(Bloomberg) -- A key gauge of Chinese stocks was again poised to enter a bear market after flirting with the milestone Tuesday, as a weak economic recovery and tensions with the US continued to exert pressure. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touche
( 6
min )
(Bloomberg) -- Cathie Wood said software providers will be the next to ride on the artificial intelligence frenzy driven by Nvidia Corp.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Rivals to AI“We are looking to the softwa
( 7
min )
(Bloomberg) -- Former Treasury Secretary Lawrence Summers sees US interest rates headed higher in the short-run and US taxes rising significantly in the longer run as the world’s biggest economy comes to grips with a persistent inflation problem and burgeoning government debt.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Ra
( 7
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The shortened week kicked off with one big crisis averted for now. During the long weekend, an agreement was reached between President Biden and House Majority Leader McCarthy that should go toward resolving the debt ceiling. Oppenheimer’s Chief Investment Strategist John Stoltzfus expects a positive reaction to the progress being made to get the deal done. “In our view this portends well for the US and the markets even while it doesn’t eliminate the potential for angst near term as the agreemen
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Impaired credit refers to a deterioration in the creditworthiness of an individual, business, or other entity, reflected in a lower credit score or credit rating.
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A strategy for becoming debt-free, the debt snowball starts with paying off the smallest debt first and working up from there.
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A standby line of credit is a sum of money that a business or individual borrower can draw from as needed, either partially or in full.
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Here are four simple ways to build a solid credit history and good credit score whether you're starting from scratch or trying to start over.
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A credit report is a detailed breakdown of an individual's credit history, compiled by one of the three major credit bureaus.
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Business and consumer credit reports have similar purposes: to inform prospective lenders about an applicant's creditworthiness, but they differ in some key respects.
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Re-aging debt refers to a restart of the clock on an old debt's statute of limitations, allowing the creditor or debt collector to sue the debtor.
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Lifetime cost is how much it costs to own a particular item, including the initial purchase price, spread over the lifetime of that item.
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Klarna offers "buy now, pay later" (BNPL) services allowing shoppers to make purchases from online retailers and physical stores without paying the entire amount upfront.
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Credit references are often required by lenders and landlords. Here are three common types and how to obtain them.
( 24
min )
The Dow Jones Industrial Average fell about 0.4%, or 134 points, ahead of a key vote in the House of Representatives to extend the U.S. debt limit.
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Rates on 30-year mortgages took a major step down, following a two-week surge. The large one-day reversal erased two days of gains, but the average remains elevated.
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Stocks fell on Wednesday, May 31, 2023 as investors await the outcome of a vote in the House on a bill to raise the debt ceiling and avoid default.
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min )
Hewlett Packard Enterprise misses sales and guidance estimates, sending shares lower.
( 16
min )
The Mississippi bubble is actually more of a currency blunder than a true speculative bubble.
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min )
Intel was best-performing stock in the DOW after the company said current quarter revenue would be at the high end of its guidance.
( 16
min )
Normalcy bias is a predisposition to believe that the status quo will remain in effect, which can lead to poor investment decisions.
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Institutional Shareholder Services (ISS) advises institutional investors on corporate governance issues, helping clients develop proxy voting strategies.
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min )
Bitcoin, bitcoin cash, bitcoin gold, and other variations can be hard to keep straight.
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If you need cash in a hurry, your credit card probably is not the best choice. For quick cash, consider options that may be better than a costly credit card advance.
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Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.
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min )
Low inventory, rising rates cause purchases to fall.
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min )
Twitter, now X Holdings Corp., is a private company but a Fidelity investment fund cut the valuation of its holding, implying the company is worth 33% of Musk's purchase price.
( 17
min )
Worried about being covered by insurance for a wildfire? Here's what you need to know about wildfire insurance.
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Many airlines offer refundable and non-refundable tickets. Here is some background on refundable and non-refundable flights, plus five U.S. airlines' refund policies.
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Cable and utility bills generally aren't included in your credit report or reflected in your credit score, unless your payments are seriously delinquent.
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Compound interest is one of the most powerful ways to save money. By opening a compound interest account in 2023, you can save money faster by accumulating interest.
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Markets were down in midday trading on Wednesday, May 31, 2023 ahead of key vote on raising U.S. debt ceiling.
( 16
min )
Meta hit the $1 trillion level most quickly, but couldn’t stay there, while Apple was the first to get there, and has kept growing.
( 16
min )
The job market was supposed to be cooling down—instead, it heated up in April, with the number of job openings rising, breaking a three-month downtrend.
( 16
min )
SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.
( 16
min )
Advance Auto Parts posted earnings well below estimates, and reduced its full-year profit and sales guidance.
( 16
min )
An oral contract is a type of business agreement that is spoken, not captured in writing.
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Ansys, Materialise, and Faro Technologies lead the industry in revenue growth.
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The cost to charge electric vehicle (EV) on a road trip will vary based on a number of factors. Here's how to estimate how much your trip will cost.
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Dutch Bros, Starbucks, and J.M. Smucker lead the industry in revenue growth
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The Consumer Financial Protection Bureau (CFPB) Wednesday fined OneMain Financial $20 million after the government watchdog discovered deceptive sales practices at the loan provider.
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Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.
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Het merendeel van de aandeelhouders van ExxonMobil heeft voorstellen afgewezen om het Amerikaanse olieconcern te dwingen meer te doen voor het klimaat. ExxonMobil heeft als enige van de vijf grote westerse oliemultinationals geen klimaatdoelstelling voor 2030.
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Wie wil wisselen van energieleverancier kan vanaf vandaag weleens fors duurder uit zijn. Dan gaan nieuwe regels in voor het opzeggen van vaste energiecontracten, waardoor consumenten flink de portemonnee moeten trekken. Voordeel is dat er weer verschillende vaste contracten zijn waar je uit kunt kiezen.
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Slachthuizen komen onder verscherpt toezicht te staan om de "structurele dierenmishandeling" in de sector tegen te gaan. Dat heeft minister Piet Adema (Landbouw, Natuur en Voedselkwaliteit) woensdag gezegd in de Tweede Kamer.
( 3
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KLM houdt zich niet aan voorwaarden die zijn verbonden aan de staatssteun die het bedrijf tijdens de coronacrisis kreeg, volgens de staatsagent. Het bedrijf keert alweer winstdelingen uit, geeft nog steeds belastingvoordelen aan personeel in het buitenland en piloten hebben te weinig salaris ingeleverd.
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KLM houdt zich niet aan voorwaarden die zijn verbonden aan de staatssteun die het bedrijf tijdens de coronacrisis kreeg, volgens de staatsagent. Het bedrijf keert alweer winstdelingen uit, geeft nog steeds belastingvoordelen aan personeel in het buitenland en piloten hebben te weinig salaris ingeleverd. Dat zegt de controleur van de overheid.
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De prijzen in Duitsland, Frankrijk, Spanje en Italië zijn in mei minder hard gestegen dan in april. De inflatie is vooral door de dalende energieprijzen afgenomen. Maar de prijzen van voedingsmiddelen zijn deze maand wel hard omhooggegaan.
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Luchtvaartmaatschappij Air New Zealand weegt sinds deze week voor vertrek passagiers op internationale vluchten. Het bedrijf wil zo het gemiddelde gewicht van de reizigers achterhalen.
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De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.
( 3
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Minister Sigrid Kaag van Financiën werkt aan wetgeving om de toegang tot contant geld veilig te stellen. Deze wet gaat de huidige vrijblijvende afspraken met banken vervangen.
( 3
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Wie wil wisselen van energieleverancier kan vanaf morgen weleens fors duurder uit zijn. Dan gaan nieuwe regels in voor het opzeggen van vaste energiecontracten, waardoor consumenten flink de portemonnee moeten trekken. Voordeel is dat er weer verschillende vaste contracten zijn waar je uit kunt kiezen.
( 5
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De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.
( 3
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Gisteravond stemde de Eerste Kamer in met de hervorming van ons pensioenstelsel. Vanaf 2028 zien de pensioenen er heel anders uit. Zo wordt 1.500 miljard euro verdeeld over individuele potjes in plaats van via een fonds. Ook gaat je pensioen sneller omhoog of omlaag. Via ons reactieplatform NUjij zijn al veel vragen over dit nieuwe stelsel gesteld. Welke vragen heb jij nog? Stel ze hier.
( 2
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Tweede Kamervoorzitter Vera Bergkamp roept Twitter op om belediging en bedreiging van Tweede Kamerleden aan te pakken. Het sturen van bedreigende en gewelddadige tweets naar Kamerleden is in veel gevallen strafbaar.
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De Turkse lira is woensdag opnieuw minder waard geworden ten opzichte van de dollar en euro vanwege zorgen over de economische koers van het land. De vraag is namelijk of president Recep Tayyip Erdogan vasthoudt aan zijn onorthodoxe beleid.
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De iPhone-app van ChatGPT is nu ook in Nederland te gebruiken. Later komt de AI-chatbot ook beschikbaar voor Android-toestellen.
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Tot dusver is op ongeveer een derde van het subsidiepotje voor nieuwe elektrische auto's aanspraak gemaakt. Dat blijkt uit cijfers van de RVO, die belast is met het verlenen van subsidie op de aanschaf en lease van elektrische auto's.
( 3
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Relatief meer mensen met hogere inkomens hebben vorig jaar bij de schuldhulpverlening aangeklopt. Dat komt volgens branchevereniging NVVK voornamelijk door de hoge inflatie en stijgende energiekosten.
( 3
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De voor fraude veroordeelde ondernemer Elizabeth Holmes heeft zich dinsdag bij de gevangenis in Texas gemeld. De Amerikaanse zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.
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Ondanks de energiecrisis en omvallende buitenlandse banken staat ons financiële stelsel er volgens het Centraal Planbureau (CPB) goed voor. Ook blijven de gevolgen van dalende woningprijzen waarschijnlijk beperkt. Wel zijn jonge huizenbezitters kwetsbaar en is er een reële kans op een recessie.
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De banken en toezichthouder De Nederlandsche Bank gaan zich in hun speurtocht naar witwaspraktijken meer richten op waar de echte risico's zitten. De Nederlandse Vereniging van Banken kan niet zeggen of dit ook betekent dat de kosten voor betaalpakketten minder hard omhooggaan.
( 3
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De stikstofinstallatie in Zuidbroek, die op 1 april 2022 al had moeten draaien, kan vanaf 1 oktober stikstof produceren. Dat heeft een woordvoerder van Gasunie desgevraagd aan NU.nl laten weten.
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Een kratje bier in de aanbieding kostte in de eerste maanden van dit jaar gemiddeld 14,22 euro in de supermarkt. Twee jaar geleden, voordat het verboden werd te stunten met de prijs van een kratje, was dat nog 10,52 euro. Dat heeft marktonderzoeker Circana uitgezocht op verzoek van NU.nl.
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Het nieuwe pensioen komt eraan. Na jaren gesteggel is een hervorming van het pensioenstelsel nu ook door de Eerste Kamer. Je pensioen moet beter uitlegbaar zijn en passen bij deze tijd. Ook volgt je pensioenopbouw nadrukkelijker prestaties op de beurs. Vijf vragen over het nieuwe pensioen.
( 8
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Berkshire Hathaway bought 4.7 million shares in recent days and now owns 222 million shares of the energy company worth $13 billion.
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Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. Now, some mainland China tech business owners say they need to go further and gain permanent residency or citizenship abroad to avoid the curbs on and the biases against Chinese companies in the United States.
( 8
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Economic advisors have privately warned Saudi senior policy makers that the kingdom needs higher oil prices to fund a slew of megaprojects.
( 8
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The S&P's comeback this year gets only two cheers. A few big stocks are overperforming, while the rest of the market reflects the reversal of a historic earnings blowout.
( 9
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Some people’s exploits in their chosen profession transcend beyond the industry they operate in – making them household names. It’s pretty safe to claim that even those not interested in the investing world are familiar with Warren Buffett. Buffett embodies the term ‘legendary investor’ probably more than any other and considering his decades of almost unrivalled stock picking success, it’s a thoroughly deserved epithet. For those looking to emulate a fraction of Buffett’s success, get ahead of
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HP Enterprise reported mixed results for the April quarter, but it sees a big opportunity ahead in the need for high-powered systems to AI models.
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There will always be a limit to how many expenses you can cut. But there’s no limit to how much you can earn.
( 9
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The debt-ceiling agreement struck over the weekend would reinstate government student loan repayments.
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Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.
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(Bloomberg) -- Brazil’s credit card interest rates soared to their highest point in six years, adding to central bankers’ concerns about worrisome levels of household debt. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Riva
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The market mania for AI plays continues.
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Ronald Reid was the last person you would expect to be a millionaire. He used safety pins to hold his old coats together and cut his own firewood well into his 90s. He drove a second-hand Toyota Yaris and resisted new purchases. His only real indulgence may have been his daily English muffin and a cup of coffee at the Brattleboro Memorial Hospital in Vermont, where a friend remembered him sitting at the exact same stool every morning. Don't Miss: Thanks to changes in federal law, anyone can inve
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The investor says the chip maker's stock is "priced ahead of the curve." She's playing the artificial-intelligence boom through the electric-vehicle manufacturer.
( 23
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The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hatha
( 8
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Michael Burry's bullish bets on stocks, including Alibaba Group Holding Limited (NYSE: BABA), followed stake boosts by other top hedge funds, including Moore Capital Management and Third Point LLC, in the first quarter. Asia-based firms, including Simon Sadler's Segantii Capital Management Ltd. and Alpine Investment Management Ltd., accounted for nearly half of Alibaba ADRs offloaded by the quarter's top 10 most prominent hedge fund sellers, Bloomberg cites 13F filings. The sole Asia-headquarter
( 7
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U.S. crude dipped below $70 a barrel for the first time in two weeks ahead of an OPEC+ meeting at which major producers will debate whether to cut output to bolster oil prices.
Comments by officials in member states suggest the cartel is likely to stick with current cuts instead of deepening them,
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The euro initially plunged below a major trend line in the 200-Day EMA, only to turn around and show signs of life.
( 7
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Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.
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Is $4 million enough to retire at 65? For most people, the answer is yes. But there are a lot of considerations and a good deal of planning to retire, regardless of how much you've saved. Everyone has different needs when … Continue reading → The post How to Retire at 65 With $4 Million appeared first on SmartAsset Blog.
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A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to … Continue reading → The post Is $4 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
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KeyBanc Capital Markets analyst John Vinh raised his price target on the company ahead of its earnings this week.
( 23
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Ford stock got upgraded to Buy from hold by Jefferies analyst Philippe Houchois Tuesday. His price target went to $16 from $13 a share.
( 22
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New York City developers are starting to unload lower-quality buildings at deep discounts, cracking open a frozen real-estate market.
( 22
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Dave Burt told CNBC that the market is in for a 2008-level price correction if lenders don't start weighing the risk flooding poses to home values.
( 6
min )
State Farm, the largest property insurer in the US, will no longer accept new applications for home insurance in California, citing the risks of apocalyptic wildfires as well as the exorbitant costs of construction.
( 7
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Tim Coyne, T. Rowe Price's global head of ETFs, said the company is expanding its exchange-traded fund offerings to better go after millennials.
( 15
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↗️ Nvidia (NVDA), AMD (AMD), Intel (INTC) and Marvell Technology (MRVL): The chipmakers' stocks a
( 20
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The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.
( 13
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Meta, valued at about $670 billion as of last close, clinched the trillion-dollar market capitalization milestone in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com Inc are the other U.S. companies that are part of the club. AI took center stage after Nvidia stunned investors with a revenue forecast that surpassed analysts' expectations by more than 50%. The Philadelphia SE Semiconductor index closed at its highest in over a year last week after Nvidia's stellar results powered other chipmakers higher.
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Outflows have kept up the pace this year, fueled by a deteriorating economy and the departure of men avoiding conscription.
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Stock futures were higher Monday after a deal was agreed to extend the U.S. debt ceiling for two years over the Memorial Day weekend.
( 23
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The rouble fell to a more than one-month low against the dollar on Tuesday as drones attacked Moscow and the Russian currency lost the support of a favourable tax period. Ukraine launched one of its biggest drone attacks on Moscow, according to Russia, whose defence ministry said all were destroyed approaching the city. Kyiv had no immediate comment, but has not publicly acknowledged launching attacks against targets inside Russia.
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Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Ford, Coinbase, Constellation Brands, Equitrans Midstream , and Boston Beer. Ford (NYSE:F) shares climbed nearly 3% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $13.00, as InvestingPro reported in real time.
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Ballooning debt, tepid consumption and worsening relations with the West are set to weigh on future growth, economists say.
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Executives and early investors sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed.
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(Bloomberg) -- Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap Deal
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(Bloomberg) -- A key gauge of Chinese stocks was on track to enter a bear market as a weak economic recovery and tensions with the US left traders with little reason to buy. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After D
( 7
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(Bloomberg) -- It’s not every day that Cathie Wood labels a stock-market darling of the innovation economy too expensive.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap DealBut Nvidia Corp.’s outsized jump has prom
( 8
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Oil prices rose on Tuesday as the expectations the debt ceiling deal in U.S., the world's biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains. U.S. West Texas Intermediate (WTI) crude rose 53 cents to $73.20 a barrel, up 0.7% from Friday's close. There was no settlement on Monday because of a U.S. public holiday.
( 7
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(Bloomberg) -- Asian equities were poised for a cautious open Tuesday as White House and Republican congressional leaders stepped up lobbying to ensure Congress passes a debt-accord to head off a US default.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBide
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(Bloomberg) -- Semiconductor designer Arm Ltd. has found its calling card for the rest of the year as it builds toward a much-anticipated initial public offering: artificial intelligence.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forge De
( 7
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Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of the curve,” and that Tesla Inc (NASDAQ:TSLA) was positioned to benefit from recent breakthroughs in artificial intelligence.
( 7
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(Bloomberg) -- Soon-to-mature Treasury bills rallied as trading resumed after the Memorial Day holiday, following a tentative deal over the debt ceiling which eased concerns of a US default. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forg
( 7
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Quant funds, which use computer models to trade, are helping calm the markets at a time of uncertainty.
( 8
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(Bloomberg) -- The Big Tech rally of this year has further to run as the risk of a US recession drives investors into stocks that offer profitable growth in lean times, according to the latest Markets Live Pulse survey.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-
( 8
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Personal loan rates eased this week, lowering the overall average by 34 basis points and dipping back below 21%
( 17
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
( 20
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Refinancing a car loan can lower your interest rate and monthly payment, adjust your repayment term, or even allow you to access some of the equity.
( 22
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Getting a car loan after bankruptcy isn't impossible, but it may take some time for your credit to improve enough to qualify for auto financing. Here's what you need to know.
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The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.
( 23
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A loan-level pricing adjustment (LLPA) is a risk-based fee assessed to mortgage borrowers using a conventional mortgage. Learn how it works.
( 21
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Hopes of a debt ceiling deal were rattled after some Republican lawmakers expressed opposition to the agreement, helping send the Dow Jones Industrial Average lower by 0.15%, or 50 points.
( 16
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Discover the benefits of living in Europe and whether living there rather than the United States makes financial sense.
( 20
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The Dow fell, the Nasdaq rose and the S&P 500 was virtually unchanged on Monday, May 30, 2023, as the debt ceiling deal goes to Congress for approval
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GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.
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Airports had more passengers over the Memorial Day holiday weekend than before the COVID-19 pandemic.
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The Conference Board's index of consumer confidence fell in May, although not as much as economists expected.
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"High-net-worth individual" (HNWI) is a financial industry classification for a person with liquid assets above a certain figure. The minimum used is often $1 million.
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An active managed ETF is a form of exchange-traded fund that has a manager or team making decisions on the underlying portfolio allocation.
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A no-doc business loan can be a quick way for business owners to secure financing that they may not be able to access through a traditional bank loan.
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Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
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Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.
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Mortgage rates continue to soar, with the 30-year average adding another eighth of a percentage point to surpass the 20-year peak it reached in October.
( 19
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Read about some of the problems with Costco's business model. While the company has been successful, there are still several risks to consider.
( 22
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Financial literacy, communication, and confidence play a vital role in wealth transfer planning.
( 22
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From the CFP to the CPA, do you know what your advisor's designation means?
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Home prices rose in March, a second consecutive month of increase, as low inventory fueled competition. And higher prices are here to stay for now, according to S&P Dow Jones analysts.
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Financial advisors are responsible for every aspect of their customer's financial life, from estate planning to tax planning to saving for retirement, and more.
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This week’s cryptocurrencies to keep an eye on are NEO (NEO), SingularityNET (AGIX), IOTA (MIOTA), Conflux (CFX), and Arbitrum (ARB).
( 20
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Stocks have fallen out of favor as Americans’ perception of the best long term investment according to a recent Gallup poll—even as the market is recovering from 2022’s losses. Michael Batnick and Ben Carlson of the Animal Spirits podcast, and Dr. Preston Cherry, founder of Concurrent Financial Planning, join the show to examine what wealth and retirement mean today, how that’s changed, and how to invest for the long term.
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Buy now, pay later has become a popular way to make purchases online and in stores. Here’s a list of participating retailers for six major services.
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Treasury Investment Growth Receipts (TIGRs), issued from 1982 until 1986, were zero-coupon bonds based on U.S. Treasury bonds held by Merrill Lynch.
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Understanding these three common measures of profitability can help you take a deeper look at a company's profit margin.
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Ultra-high-net-worth individuals (UHNWIs) are people with at least $30 million in investable assets. Their ranks continue to grow globally.
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Fast-moving consumer goods (FMCG) are cheaper products that sell quickly such as milk, gum, fruit and vegetables, soda, beer, and common drugs like aspirin.
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Read about the five largest financial advisory services firms in the United States, including big names such as Vanguard and JPMorgan Chase.
( 22
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De voor fraude veroordeelde ondernemer Elizabeth Holmes heeft zich dinsdag bij de gevangenis in Texas gemeld. De Amerikaanse zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.
( 4
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Schiphol moet zijn personeel beter beschermen tegen de schadelijke uitstoot van vliegtuigen, zegt de Nederlandse Arbeidsinspectie. De inspectie vindt dat de luchthaven er bijvoorbeeld voor moet zorgen dat vliegtuigen geen schadelijke stoffen meer uitstoten tijdens het taxiën.
( 3
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Het op een na beste pensioenstelsel ter wereld wordt ingeruild voor een nieuw pensioen als de Eerste Kamer er vandaag mee instemt. In het nieuwe stelsel wordt 1.500 miljard euro verdeeld in twintig miljoen persoonlijke pensioenpotjes en gaat je pensioen sneller omhoog of omlaag. Gaan we er wel op vooruit?
( 7
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De van fraude beschuldigde ondernemer Elizabeth Holmes gaat dinsdag naar verwachting de gevangenis in. De Amerikaanse ondernemer zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.
( 3
min )
De prijzen voor basisboodschappen als brood, groenten en boter zijn in een half jaar met 15 procent gestegen. Uitschieter is de prijs van suiker, die met maar liefst 80 procent toenam.
( 3
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In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.
( 5
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Doordat de omvormers van veel zonnepaneelsystemen makkelijk te hacken zijn, kunnen grote stroomstoringen ontstaan. Als kwaadwillenden veel panelen tegelijk uitzetten, is er plots te weinig elektriciteit op het stroomnet.
( 3
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Voor het eerst in twee jaar dalen de prijzen die Nederlandse industriebedrijven vragen voor hun goederen. De prijzen waren in april 2,3 procent lager dan in dezelfde maand vorig jaar.
( 3
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In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.
( 5
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In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.
( 5
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(Bloomberg) -- As famed money manager Michael Burry made headlines boosting bullish bets on stocks including Alibaba Group Holding Ltd. in the first quarter of this year, other top hedge funds were also piling in. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap D
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(Bloomberg) -- Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, issues around the billionaire twins’ Gemini crypto exchange just seem to keep piling up. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier
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Savvy investors will always be looking to pick up shares of undervalued stocks. That is, after all, the essence behind the slogan ‘buy low, sell high.’ The problem, though, lies in determining which stocks are merely temporarily languishing in the doldrums and are primed to pick up steam, rather than indicating that their depressed prices are just not worth the time of day. Of course, there are many ways to assess that scenario, and one simple strategy is to examine the actions taken by insiders
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"That's the one big negative factor that I worry about more than all the other things that we have talked about. Why is private investment so weak?"
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Selling specialist chips and infrastructure is becoming a trillion-dollar industry
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The family of an Arby's employee who was found dead inside a walk-in freezer at a Louisiana restaurant is suing the owners for wrongful death and gross negligence.
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The latest stock sensation might just be hiding in your shoe closet or even on your feet right now. Colorado-based company Crocs Inc. (NASDAQ:CROX) has quietly outperformed some of the biggest players in the market over the past five years, including tech behemoths like Microsoft Corp, Meta Platforms Inc., and Amazon.com, Inc. Don’t Miss: Thanks to changes in federal law, anyone can invest in EV startups The shoe company that was once a fashion faux-pas has been making investors happy over the l
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(Bloomberg) -- Treasury futures linked to the 10- to 30-year part of the US government bond market rallied on light volume Monday, as traders looked ahead to an array of supportive factors that could come into play when trading resumes Tuesday after the Memorial Day holiday.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap
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(Bloomberg) -- The majority of investors who took on mortgages in 2022 to pay for new Toronto condos have been losing money every month, a shift that could discourage future building in what is already one of North America’s tightest rental markets.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain
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Canada Pension Plan’s manager scooped up Apple stock, and cut positions in Tesla, NIO, XPeng, and Li Auto in the first quarter.
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Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., expressed his concerns about the United States heading toward another fiscal crisis. In an interview with the Financial Times, Munger highlighted the problematic situation of commercial property loans held by U.S. banks, stating that many of them would be deemed as “bad loans” because of declining property values. He emphasized that this indicates a negative outcome for the American commercial property mark
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It isn’t certain what happens on the so-called X-date if Congress doesn’t raise the debt limit.
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Our energy roundtable experts see value in U.S. shale stocks and European majors as global energy demand outstrips supply.
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If you would like to invest in a financial asset with low operating costs, exposure to the broad market or a market sector and lower taxes, an index fund might be for you. You will find that you can use … Continue reading → The post How to Invest in Index Funds appeared first on SmartAsset Blog.
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As investing platforms, Charles Schwab and Fidelity make for a very apples-to-apples comparison. Both are long-standing brokerage houses with a history of financial management, personal advising and retail services. Both have introduced online trading platforms in the form of apps … Continue reading → The post Fidelity vs. Charles Schwab: Which Is Best? appeared first on SmartAsset Blog.
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A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.
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Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.
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In the world of investments, perhaps none are less flashy than municipal bonds. If stocks and corporate bonds are the steak and roasted potatoes of your investment plate, municipal bonds are more like steamed brussels sprouts. But this overlooked asset … Continue reading → The post Morningstar Says This Overlooked Asset Could Break Out in 2023 appeared first on SmartAsset Blog.
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Value stocks may be the one asset class you must have in your portfolio for the next decade. After a decade-plus of underperformance and decline, value investing began to rebound in September 2020. While the emergence of the Delta variant … Continue reading → The post This Is the Asset Class You Want in Your Portfolio Over the Next 10 Years appeared first on SmartAsset Blog.
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Not for nothing does the phrase “buy low, sell high” get overused. The best opportunities often arise following a pullback and the investment experts at JPMorgan are keen to point them out. They have been closely monitoring the energy market and are seeing a lot of promise in energy companies. The banking giant is showing a positive outlook on two specific energy stocks with the pair offering different value propositions. Both have been underperforming the market this, but JPM’s analysts are pro
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China and the U.S. are urging Gen Z to take on blue-collar jobs, but unless the sector has better pay and respect, Gen Z isn't all that interested.
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Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.
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The proposed Digital Asset Mining Energy tax has reportedly been taken off the table, according to U.S. Congressman Warren Davidson.
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Futures tied to the Dow Jones Industrial Average rose 0.2%, while S&P 500 futures rose 0.3% and Nasdaq futures were up 0.5%. U.S. and U.K. markets are closed on Monday for public holidays.
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(Bloomberg) -- Turkey’s lira weakened after Recep Tayyip Erdogan won a presidential runoff election on Sunday, extending his time as the nation’s longest-serving leader in a tenure that has increasingly alienated foreign investors.Stocks rose and dollar bonds were mixed at the open as investors awaited appointment of a new economic team that he promised would have “international credibility,” hinting at a potential turn away from an unorthodox policy mix based on ultra-low interest rates and hea
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Last week’s stellar revival in Adani Group stocks has helped India reclaim its position among the world’s five largest stock markets.
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Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. Surprised by the persistence of inflation in the face of the fastest rate hike cycle since the 1980s, Kashkari and some other Fed officials have turned up the heat again in recent days, with a hawkish outlook on interest rates. In doing so, they may also be inadvertently setting the stage for the next market crisis and Fed intervention, in turn, undercutting the bank's policy tightening to fight inflation.
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Rosy guidance from chipmaker Nvidia last week helped spark the third-largest single-day jump in market value in U.S. history.
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(Bloomberg) -- Iraq’s central bank boosted its gold reserves by about 2% in a single day last week as part of what it calls a gradual plan to stock up on the precious metal that’s seen as a traditional haven in times of economic distress.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’
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The yuan is the dollar's most high-profile contender, against the backdrop of US-China tensions and Beijing's alliance with Russia amid the war.
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(Bloomberg) -- Bitcoin climbed to the highest level in more than two weeks amid a boost to investor sentiment from a deal on raising the US debt limit.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillThe largest digital token added
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Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence. Under the agreement, announced at the Computex technology trade show in Taipei, MediaTek will integrate an Nvidia graphic processing unit chiplet and Nvidia software into the system-on-chips it supplies to automakers for infotainment displays.
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(Bloomberg) -- Saudi Arabia’s foreign reserves fell in April to the lowest in more than 13 years, in an apparent sign the kingdom hasn’t yet used last year’s $326 billion oil windfall to top up the central bank’s holdings. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Richest Man T
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(Bloomberg) -- India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Val
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(Bloomberg) -- Baidu Inc. shares jumped in Hong Kong following reports that it will soon launch a large-language model to power its ChatGPT-Like app Ernie Bot. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline Deal Into Debt BillThe shares rose as much as
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Nvidia said Google, Meta, and Microsoft would be among the first companies to get access to its DGX GH200 supercomputer.
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(Bloomberg) -- A gauge of Chinese shares traded in Hong Kong inched closer to bear-market territory as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan keep investors away.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline
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Firms that use computers to determine buy and sell signals have been loading up while other investors sit back.
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U.S. investors will likely welcome a chance to grab some sunshine on the federal holiday.
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A shortage of the kind of advanced chips that are the lifeblood of new generative AI systems has set off a race to lock down computing power and find workarounds.
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Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling. Tokyo, Sydney and Shanghai advanced while Hong Kong fell. The agreement on the U.S. debt eased what had been a potentially huge threat to markets worldwide.
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(Bloomberg) -- China’s raw materials producers are at the forefront of falling industrial profits as poor demand and price deflation tear into margins at steel mills, metals smelters, chemicals firms and coal miners.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valle
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Bitcoin moved back above US$28,000 on Monday morning in Asia, leading a rally among all top 10 non-stablecoin tokens. Ether reclaimed the US$1,900 level.
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(Bloomberg) -- The Turkish lira is at risk of a 29% slump should President Recep Tayyip Erdogan, who clinched another five-year term, stick to his policy of keeping interest rates low.That’s according to Morgan Stanley analysts including Hande Kucuk and Alina Slyusarchuk, who wrote in a Sunday note that the lira may reach 26 per dollar sooner than earlier expected and weaken close to 28 by the end of the year, without a change in policy direction. The currency closed at 19.97 per dollar on Frida
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The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment. The yen's renewed decline has come on the back of rising U.S. Treasury yields, as bets grow that interest rates in the United States would stay higher for longer. Data released on Friday showed that U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.
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(Bloomberg) -- US stock futures advanced as appetite for risk taking returned to global markets following the deal between President Joe Biden and House Speaker Kevin McCarthy on the US debt ceiling. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republi
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Auction market preferred stock refers to preferred equity securities that have interest rates or dividends that are periodically reset.
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The Heritage and Stabilization Fund is a sovereign wealth fund established in 2007 by the Republic of Trinidad and Tobago.
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Blockchain can help the flow of data and money in emerging economies.
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A lottery is a low-odds game of chance or process in which winners are decided by a random drawing.
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Real estate investing has been white hot. Should you take out a home equity loan to get in on the action?
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Indexing may be a statistical measure for tracking economic data, a methodology for grouping a specific market segment, or an investment management strategy for passive investments.
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Rescission is the voiding of a contract that a court does not recognize as legally binding. Find out when you can and cannot rescind a contract.
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Consider the costs of installing and maintaining a swimming pool, and compare them with the utility and market value it adds to your home.
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Capital loss carryover is the amount of capital losses a person or business can take into future tax years.
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Learn about Elizabeth Warren's 50/20/30 budget rule; a simple and effective plan for personal money management and wealth creation.
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Understanding what a fiduciary is will help you know what to expect from the person you trust with your money.
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A second mortgage is a mortgage made while the original mortgage is still in effect. Learn the requirements for a second mortgage and how to apply.
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A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length.
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Grootouders zijn onmisbaar geworden voor gezinnen met jonge kinderen. Ze springen in het oppasgat dat de overspannen kinderopvangmarkt achterlaat. Groot voordeel voor opa en oma is dat ze een bijzondere band met hun kleinkinderen opbouwen. Het nadeel? Een weekje overslaan wordt ze niet in dank afgenomen.
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De Turkse lira heeft maandag terrein verloren ten opzichte van de Amerikaanse dollar. De koersdaling van de Turkse munt volgt op de herverkiezing van president Recep Tayyip Erdogan, die zondag de tweede ronde van de presidentsverkiezing heeft gewonnen.
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Grootouders zijn onmisbaar geworden voor gezinnen met jonge kinderen. Ze springen in het oppasgat dat de overspannen kinderopvangmarkt achterlaat. Groot voordeel voor opa en oma is dat ze een bijzondere band met hun kleinkinderen opbouwen. Het nadeel? Een weekje overslaan wordt niet in dank afgenomen.
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De Europese Commissie werkt momenteel aan een digitale variant van de euro en wil volgende maand met een wetsvoorstel komen. Ondertussen heeft het kabinet een aantal eisen op tafel gelegd waar de e-euro aan moet voldoen. Maar waar is een digitale euro eigenlijk voor nodig? En is het zeker dat hij er komt?
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Buurtwinkels hebben het druk met de stroom aan postpakketten. Hun magazijnen staan tot aan de nok toe vol met dozen die wachten om opgehaald te worden. Het levert winkeliers "belabberd weinig geld" op, maar slechts een enkeling stopt ermee.
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Countries like El Salvador, Iran, and Venezuela have turned to cryptocurrencies as fiats have experienced inflation and other troubles.
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Transfer pricing is an accounting and taxation-linked practice allowing companies to save on taxes.
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Amazon has been reluctant to embrace Bitcoin for various reasons, though some of those reasons are purely speculation.
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Here are three reasons to consider investing in multi-family real estate.
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Mass index is a form of technical analysis that looks at the range between high and low stock prices over a period of time.
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Accounts receivable discounted refers to the selling of unpaid outstanding invoices for a cash amount that is less than the face value of those invoices.
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Gridlock occurs in politics when the government is unable to pass laws because rival parties control different parts of the executive and legislative branches.
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The term "value chain" refers to the process in which businesses receive raw materials, add value to them to create a finished product, and then sell the finished product to consumers. A "supply chain" represents the steps it takes to get the product or service to the customer.
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Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.
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A tentative agreement between President Joe Biden and House Speaker Kevin McCarthy could lead to a stock market rally.
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Floater insurance covers property that is easily movable and provides additional coverage beyond the scope of traditional policies.
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A chief risk officer (CRO) is an executive who identifies and mitigates events that could threaten a company.
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Before you blame your advisor for your losses, be sure you know your rights and responsibilities.
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Financial advisors can help you increase and protect your wealth. Learn when it’s time to fire your financial advisor and how to find a good one.
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Summa cum laude is an academic level of distinction used by educational institutions to signify a degree that was received "with highest honor."
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The initiatives are the first steps of a plan the White House hopes to form as it grapples with the impacts of artifical intelligence and considers regulation.
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Savvy investors know to ask an advisor questions on these five essential subjects.
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Learn how much financial advisors charge clients and discover the various payment plans available to customers seeking financial advisory services.
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Surging inflation means that Health Savings Account contribution limits have risen, an opportunity for people who want to take full advantage of the tax advantages.
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MercadoLibre, Aritzia, and MINISO Group lead the industry in revenue growth
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The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.
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In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.
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Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.
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Oil prices rose in early Asian trade on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer. Brent crude futures climbed 39 cents, or 0.5%, to $77.34 a barrel by 2317 GMT, while U.S. West Texas Intermediate crude was at $73.12 a barrel, up 45 cents, or 0.6%. U.S. President Joe Biden and House Speaker Kevin McCarthy on Saturday reached an agreement in principle to suspend the $31.4 trillion debt ceiling.
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Today, investors have access to huge amounts of information that can help in pointing towards the best stocks to pick up. So much information, in fact, that it can often result in overload and confusion, rather than providing a clear signal. Therefore, it might be best to stick to an uncomplicated regime and let the stock picking experts lead the way. And on Wall Street, right now Jeffries analyst Mark Lipacis is the best of the lot. According to TipRanks, a platform that tracks and measures the
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Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers face a difficult path to pass the agreement through Congress before the June 5 deadline. A deal to lift the $31.4 trillion debt limit announced by the White House and House Republicans late Saturday would avert a catastrophic U.S. default and boost overall appetite for risk while also buoying some of the sectors that have been left behind in this year’s tech-led rally, such as cyclical stocks and small caps, investors said. But some are wary that proposed spending cuts could weigh on U.S. growth.
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Musk’s latest push toward turning Twitter into an actual town square. In the future, Ford’s next generation of EVs will be equipped with Tesla’s charge port, called the North American Charging Standard, starting in 2025. This will give them access to 12,000 Tesla Superchargers in the U.S. and Canada, which is double the number Ford customers currently have access to.
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The market is closed on Monday for Memorial Day. Then, earnings reports, May jobs data, April JOLTS, consumer confidence, and manufacturing PMI.
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A tentative agreement between President Joe Biden and House Speaker Kevin McCarthy could lead to a stock market rally.
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(Bloomberg) -- The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Gear Up to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken P
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State Farm will no longer provide home insurance to new California customers because of wildfire risks and an increase in construction costs.
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Chicago Federal Reserve Bank President Austan Goolsbee said on Sunday he won't 'prejudge' whether he would support an interest-rate hike at the upcoming Fed meeting in June, but noted that the full impact of the central bank's rate increases to date have yet to be felt. "We are going to get a lot of important data between now and then," Goolsbee told CBS's Face the Nation. "The actions that the Fed takes take months or even years to work their way through the system...
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(Bloomberg) -- Brazilians are struggling to pay their debts on time, with four out every ten adults facing default, as central bankers keep monetary policy tight in an effort to bring inflation back to their target. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valle
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Last week’s inflation figure was an absolute stinker. You could have been deceived into thinking that it was good news because the headline rate fell from 10.1pc to 8.7pc, but this drop was solely caused by last April's bumper increase in energy prices falling out of the annual comparison.
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It’s safe to say that tech has been on the up recently. The spread of artificial intelligence (AI) has lit a fire under investors, and tech stocks have rallied some $4 trillion this year. The NASDAQ index, which is tech-heavy to begin with, gained 2.5% last week, and is up almost 25% since the onset of 2023, marking a turnaround from 2022’s bear market. By comparison, the S&P 500 is only up 9%, and the Dow has slipped slightly. The biggest winner in the tech rally so far is Nvidia. The company i
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The boss of Aldi has warned Downing Street that increases in the minimum wage will drive up food prices for shoppers, as ministers race to tackle the cost of living crisis.
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(Bloomberg) -- Bond traders look set to pivot from worrying the US wouldn’t raise its debt limit to fretting about what the increase means for money markets.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownThe concern is that with a tentative deal
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Anticipating your retirement expenses is key to saving the right amount in 401(k)s, IRAs and more. Although getting exact figures might not be possible, projecting costs for healthcare, housing and lifestyle can help you create a realistic savings goal during … Continue reading → The post How to Estimate Your Expenses in Retirement appeared first on SmartAsset Blog.
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Numerous European countries are among the world's most attractive retirement destinations, and the United Kingdom (U.K.) is no exception. With its rustic villages, historic landmarks and lower cost of living, the U.K. can offer retirees the exact right amount of … Continue reading → The post How to Retire in the United Kingdom (UK) appeared first on SmartAsset Blog.
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Mutual funds allow investors to diversify their portfolios by purchasing a broad range of assets in a single fund. Investors can buy mutual funds online directly through a fund provider, an investment company or an online brokerage. Here is how … Continue reading → The post How to Invest in Mutual Funds Online appeared first on SmartAsset Blog.
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Regardless of when you start, saving for retirement is vital. Although most elderly Americans depend on Social Security to some degree, the average recipient collects only $1,691 per month – not enough money to live comfortably in most places. Your strategy for … Continue reading → The post How to Save for Retirement in Your 50s appeared first on SmartAsset Blog.
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Inflation and rising interest rates have made saving difficult, especially if you're not in the top income bracket. Relentless monthly costs and unexpected expenses can put a hole in your budget and derail your savings efforts. And saving money on … Continue reading → The post How to Save Money on Low Income appeared first on SmartAsset Blog.
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If you're ready to step into the waters of investment property financing, this guide is here to help. You need to have your money and credit in order and know what your options are for loans. After all, purchasing an … Continue reading → The post Investment Property Financing Guide appeared first on SmartAsset Blog.
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In January, the Treasury ran out of revenue to continue paying the government's bills. Ordinarily, when the Treasury needs to spend more money than it collects in taxes, it issues new bonds. However, as of last month it reached a … Continue reading → The post How Can A Trillion Dollar Coin Raise the Debt Ceiling? appeared first on SmartAsset Blog.
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The green push by the U.S. and state governments is turning trash into treasure and boosting the firms that handle America’s garbage.
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(Bloomberg) -- Global markets are primed for a relief rally after US negotiators agreed to a tentative deal over the weekend to resolve a debt crisis that has battered risk sentiment in recent weeks.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking Down
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(Bloomberg) -- A shakeup is brewing in the $1.6 trillion universe of emerging-market sovereign debt — whether Wall Street likes it or not.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownAs government defaults rise to a record in the developing wor
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A tentative deal between the White House and Republicans to raise the US debt ceiling could bring temporary relief to the global financial market but there is still the risk of collateral damage, Chinese observers warned on the weekend. US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle on Saturday on a deal that is believed to include a two-year debt limit increase and a cap on non-defence spending by the government. The agreement still needs the approval
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One measure shows large-cap stocks beating smaller companies by the widest margin in 25 years.
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Long before green energy became de rigueur, Rolls-Royce was exploring how to generate clean power.
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The production of lithium is scaling up rapidly, alongside the establishment of lithium refineries like the one built by Tesla (TSLA), which CEO Elon Musk has referred to as a “license to print money.” These refineries offer the opportunity to process lower-grade lithium, which is more abundant, into batteries suitable for EVs. At the same time, hedge fund managers and analysts see promise in another aspect of powering EVs – silicon carbide chips. The electric vehicle (EV) revolution is gaining
( 8
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(Bloomberg) -- European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEur
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An electric lorry company run by the “Elon Musk of Essex” has been forced to fight off legal action over late payments as it lays off staff and seeks to raise new funding.
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Inflation fell less than expected in April. The UK’s consumer price index was 8.7pc higher last month than in April 2022, down from 10.1pc in March.
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Bonds are meant to be boring. Investors buy them because they provide a predictable income stream. Pension funds buy them to hedge against their riskier bets. Prices and yields are usually dull and predictable - yet that is precisely the point.
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Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially averting an economically destabilizing default. "This will be pretty good for the market," said Amo Sahota, director at KlarityFX, adding that it may give more reason for the U.S. Federal Reserve to feel confident about raising rates again.
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In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.
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The Federal Reserve’s interest-rate increases affect Europe’s economy as much as—or even more than—they do the U.S.
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Een vooruitblik op wat de financiële markten komende week te wachten staat: beleggers zullen vooral de inflatiecijfers uit verschillende Europese landen en het Amerikaanse schuldenplafond in de gaten houden. Qua bedrijfscijfers blijft het rustig.
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De Europese energietransitie is niet mogelijk zonder China. Dat stelt minister voor Buitenlandse Handel en Ontwikkelingssamenwerking Liesje Schreinemacher zondag. Europa probeert minder afhankelijk van het Aziatische land te worden. Maar moet het daarbij niet helemaal 'ontkoppelen', stelt de bewindsvrouw.
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De Britse regering werkt aan plannen om voor bepaalde basisproducten in de supermarkt een maximumprijs te stellen. Dat schrijft de Britse nieuwssite Sky News zondag op basis van regeringsbronnen. Supermarkten zouden op vrijwillige basis aan het plan kunnen meedoen.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een vliegtuig van het type C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagochtend van Shanghai naar Peking.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een vliegtuig van het type C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagochtend van Shanghai naar Peking.
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De Amerikaanse president Joe Biden heeft een voorlopig akkoord bereikt met de Republikeinen over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijken de Verenigde Staten voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagmorgen van Shanghai naar Peking.
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De Amerikaanse president Joe Biden en de Republikeinse voorzitter van het Huis van Afgevaardigden Kevin McCarthy, hebben zaterdagavond (lokale tijd) een voorlopig akkoord bereikt over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijkt de VS voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel steeg even na 10.30 uur lokale tijd op vanaf het vliegveld in Shanghai, zo blijkt uit beelden van staatsomroep CCTV.
( 3
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De Russische economie verliest steeds meer terrein op het wereldtoneel. Moskou houdt het hoofd nog boven water vanwege de verkoop van olie en gas aan onder meer China. Maar op de lange termijn is dat niet houdbaar aangezien de oorlog in Oekraïne voorlopig niet voorbij is.
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For individuals and businesses, income means the money that they receive for their labor or products. Each type of income has its own tax regulations.
( 25
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Learn how to go about getting the best deal possible when you buy a used car. After three years, the average car is worth about 60% of its price when new.
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The list of names and amounts of U.S. debt held by the five foreign countries that own the most and why.
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min )
Probability density function is a statistical expression defining the likelihood of a series of outcomes for a continuous variable, such as a stock or ETF return.
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min )
A price to earnings ratio helps investors find the market value of a stock compared to the company's earnings. Learn how the P/E and PEG assess a stock's future growth.
( 25
min )
Should you buy a new or used car? Here are the pros and cons of each, and how to decide which is right for you
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A spot rate is a price for a transaction that is happening immediately. For a transaction that is to occur in the future, the price is called the forward rate.
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Learn how the notional value of a futures contract is calculated and why you need to know how to do so.
( 21
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What's in the $1.2 trillion bipartisan infrastructure bill—and the now $2.3 trillion bill the House passed—and where we go from here.
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We developed criteria to compare personal loan providers. Learn more about our personal loan provider rating methodology.
( 18
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Trigger line refers to a moving average plotted on a MACD indicator that is used to generate buy and sell signals in a security.
( 21
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For more than a year, economists have been waiting for a recession to arrive—however, it keeps standing them up, and it might be called off completely.
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High mortgage rates and home prices are persuading more potential homebuyers to stay put for now.
( 19
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Shonda Rhimes' Show `Queen Charlotte' Most Watched on Netflix Right Now-Here's Her Net Worth
( 18
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Nvidia's role in powering the AI sector's vast ambitions means it will be a clear leader in the space for a long time, sources told Insider.
( 8
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"There's not enough retail interest to indicate a bubble is forming, and there's a lot more room for retail investors to get involved in these names."
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(Bloomberg) -- In an era of historic inflation, one alternative investment has been making its way into portfolios as a diversifier and potential hedge against stubborn price pressures: farmland.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyWorld’s Richest Man Throws In Towel on Beverly Hills HotelA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks Get More Time as US Treasury Pushes Back Deadline“
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Default would be "one more piece of the puzzle where investors around the world say this is not a reliable leader of the international finance system."
( 7
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Warren Buffett warned in 2011 that failing to raise the debt ceiling might be the most idiotic move in the history of Congress.
( 7
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The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its first hotel in the U.S.
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From burner phones to inquisitive border agents, the WSJ has consulted experts on the do’s and don’ts in an era of heightened tensions.
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Tensions are rising between Saudi Arabia and Russia as Moscow keeps pumping large volumes of cheaper crude into the market, undermining Riyadh’s efforts to bolster energy prices.
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You can transfer your individual retirement account (IRA) to a savings account, but you may have to pay a penalty and income tax. Here's what you need to know. When you have a big expense to cover, you might ask … Continue reading → The post Can I Transfer My IRA into a Savings Account? appeared first on SmartAsset Blog.
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The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of funds when one bids farewell to the workforce, ensuring a … Continue reading → The post Alarming Number of Working Americans Cash Out Retirement Accounts When Changing Jobs appeared first on SmartAsset Blog.
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Real estate offers myriad investment choices, from single-family homes to data centers. The ideal asset for you depends on factors such as your investment size and strategy. Over the past several decades, investors have diversified their portfolios by capitalizing on … Continue reading → The post How to Invest in Storage Units appeared first on SmartAsset Blog.
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President Joe Biden has championed a substantial financial proposal in the latter half of his term: increasing taxes on businesses engaging in stock buybacks. This initiative aims to redirect corporate funds toward business expansion and job creation, instead of primarily … Continue reading → The post Biden's Stock Buyback Tax Gets Pushback appeared first on SmartAsset Blog.
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While governments and top tech executives argue about artificial intelligence’s ability to trigger a global conflict, the humans actually working on the technology are busy fighting a war of wages.
( 9
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Costco CFO Richard Galanti on Thursday offered some observations on inflationary pressures, saying they continue to "abate somewhat" for the retailer.
( 8
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Wall Street veteran Vivek Ramaswamy has made issues from the fringes of finance central to his campaign for the Republican nomination.
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The company’s chips are leaders in processing the complex calculations driving the latest internet revolution.
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The national debt is a real issue. A debt ceiling standoff that risks a default is the worst way to address it, experts say.
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Many brands have long shrugged off criticism of their stands on social issues, but Target and Bud Light just proved that even huge corporations can be made to bend.
( 29
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Hyundai Motor Group and LG Energy Solution announced that they will build a $4.3 billion electric battery plant as part of Hyundai's new electric vehicle assembly plant in Georgia.
( 8
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It was enough to send a chill through any voter. Speaking to Sky News, Jeremy Hunt was asked if he would be comfortable with interest rates reaching such a height that the economy tips into recession.
( 9
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When the bond markets dramatically turned on the UK in the wake of the disastrous mini-Budget last autumn, it prompted lengthy lectures on the crazy excesses of “Trussonomics”.
( 8
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(Bloomberg) -- When Otmar Issing became chief economist of the fledgling European Central Bank a quarter of a century ago, he was greeted with a letter from one of the project’s leading skeptics.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Gear Up to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken Paxton Impeached by Republican
( 8
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The Dow snapped a losing streak as investors headed into Memorial Day anticipating Washington will reach a deal to raise the debt ceiling.
( 7
min )
E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the world’s second-largest economy.
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Nvidia stock skyrocketed this week, driving a fresh AI frenzy after reporting stellar earnings and strong guidance.
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Holmes’s downfall was triggered by these Wall Street Journal articles about the blood-testing company and its founder.
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Heavy concentration of gains recalls the excesses that preceded some epic market tumbles.
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Bedrijven gaan steeds vaker in zee met oudere werknemers vanwege de krapte op de arbeidsmarkt. "Er wordt veel breder gekeken naar kandidaten. Het is echt een enorm verschil met een aantal jaar geleden", zegt arbeidsmarktdeskundige Rob Witjes van het UWV.
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Passagiers die zaterdag arriveren op luchthavens in het Verenigd Koninkrijk hebben te maken met lange wachtrijen vanwege een storing bij de elektronische paspoortcontrole.
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De Iraakse overheid heeft zaterdag een project gelanceerd dat de belangrijke goederenhaven aan de zuidkust via spoor en wegen verbindt met de grens met Turkije. Het 17 miljard dollar kostende project moet de Iraakse economie helpen transformeren na decennia van oorlogen en conflicten in het land.
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De Iraakse overheid heeft zaterdag een project gelanceerd ter waarde van 17 miljard dollar voor de verbinding van een belangrijke goederenhaven aan de zuidkust via spoor en wegen met de grens met Turkije. Het miljardenproject moet helpen bij het transformeren van de Iraakse economie na decennia van oorlog en conflict in het land.
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De zomer staat weer voor de deur, dus trekken Nederlanders de komende weken massaal hun caravan of camper uit de stalling om op vakantie te kunnen gaan. Een televisie behoort vaak tot de standaarduitrusting, maar tv kijken op de camping blijft een uitdaging.
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Klimaatverandering kan de komende tien jaar de wereldwijde inflatie aan gaan jagen, bijvoorbeeld omdat voedselprijzen harder stijgen. Dat stelt de Europese Centrale Bank (ECB) op basis van nieuw onderzoek. Volgens de studie kan het jaarlijks om een stijging met meer dan 1 procentpunt gaan.
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VDL dreigt met het intrekken van een bonus van 7.500 euro als de medewerkers van Nedcar doorgaan met staken. Dat blijkt uit een interne mededeling van Nedcar-directeur John van Soerland aan de medewerkers van de autofabriek in Born.
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Een meerderheid van de Duitsers staat sceptisch tegen de eventuele komst van een digitale euro, waaraan wordt gewerkt door de Europese Centrale Bank (ECB). Dat blijkt uit een peiling die de Duitse branchevereniging voor banken heeft laten uitvoeren.
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Frankrijk heeft een nieuwe waarschuwing gekregen van een kredietbeoordelaar over zijn huishoudboekje. Het kleinere Europese kredietbeoordelingsbureau Scope heeft de zogeheten outlook voor de Franse kredietwaardigheid verlaagd naar negatief. Het bureau is met name bezorgd over de hoge staatsschuld van het land.
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De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.
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Jamie Dimon, CEO en bestuursvoorzitter van bankconcern JPMorgan Chase, heeft onder ede verklaard dat hij nooit contact heeft gehad met zedendelinquent Jeffrey Epstein. De zaak was door de Amerikaanse Maagdeneilanden en slachtoffers van Epstein aangespannen tegen het bedrijf.
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Via NUjij vroegen wij welke vragen jullie over de woningmarkt hebben. Onze economieverslaggever Tom van Gurp geeft hier antwoord op jullie prangendste vragen.
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Het nieuwe pensioen staat voor de deur. Dinsdag stemt de Eerste Kamer voor een hervorming van het pensioenstelsel. Dat stelsel brengt wat nieuwe onzekerheden met zich mee. Hoe kun je voor de zekerheid voor wat extra pensioen zorgen?
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De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.
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The move is a blow to the state’s efforts to maintain a vibrant market for homeowners in the wildfire-prone state.
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The stock is down 35% since Barron’s first recommended it. Here’s why it’s a good time to get in.
( 23
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Lordstown Motors’ former CEO Steve burns lowered his stake in the maker of electric trucks. Atea Pharmaceuticals is evaluating an M&A offer.
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Readers weigh in on the prospects for oil and gas, a scenario for interest-rate hikes, and ChatGPT companies
( 22
min )
The furniture and home-decor chain suspended its quarterly dividend amid declining sales and widening losses.
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(Bloomberg) -- Speculators ramped up their bearish stance on the yen to the highest in nearly a year as the currency extended its slide against the dollar with markets boosting bets on the Federal Reserve hiking rates.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economi
( 7
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COVID-19 was hell for tech stock and chip manufacturers. But AI has now flipped the script. Here are the companies benefiting the most so far.
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Meta has announced layoffs of 21,000 workers over the past year. But that's all part of Zuckerberg's push for greater efficiency.
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(Bloomberg) -- Bond investors are beginning to look beyond the debt-ceiling quagmire even as Treasury Secretary Janet Yellen’s warnings about when the US will run out of borrowing capacity become more pointed. What lies beyond is a bit troubling.Most Read from BloombergEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion Surge‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years
( 9
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Nvidia and other tech stocks have added billions of dollars in market value as the technology has boomed
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(Bloomberg) -- ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeCredit Suisse Loses Singapore Case Agai
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Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.
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Jennison Associates' nearly 1% stake in Nvidia has ballooned in value from $3.4 billion to $8.6 billion this year, assuming it hasn't cashed out.
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Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.
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Many workers are graduating and “going to be in a hole and they can’t invest," Anthony Noto said.
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Stocks with any combination of durable volumes, attractive relative valuations, and some margin recovery are worth watching, a Wells Fargo analyst says.
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When bond prices go down, yields go up. The 10-year Treasury note now yields 3.8%, up from a recent low of just over 3.3%.
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It’s no secret that oil companies have been gushing profits and cash flow. After all, when Big Oil reported financial results for 2022, President Joe Biden called the industry’s record profits “outrageous.” And that means these major oil producers can return a lot of cash to investors. For instance, Chevron Corp. announced a 6% increase to its quarterly dividend to $1.51 per share in January. At the current share price, the oil-producing giant offers an annual dividend yield of 3.8%. At ExxonMob
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(Bloomberg) -- Cathie Wood defended her firm’s decision to bail on Nvidia Corp. before the chipmaker’s shares surged 160%, saying the computer-chip industry’s boom-bust cycle poses risks.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Employ
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If you’re an income investor, chances are good that you love having dividend stocks in your portfolio with dividends that grow precipitously over time. But not all dividend stocks have substantial dividend growth. It takes ongoing earnings growth to enable a company to continue raising its dividend without running into difficulty paying its shareholders. Take a look at three real estate investment trusts (REITs) that have had superb dividend growth over the past five years, putting them well ahe
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min )
(Bloomberg) -- With the artificial-intelligence hype sweeping across Wall Street, a massive inflow turned a popular ETF tracking chipmakers into the largest of its category.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel Hack Is No Longer Working Very WellThe iShares Semi
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The Tesla CEO bemoaned an "overallocation of talent towards apps on phones."
( 8
min )
The stock was on track for its lowest close since August 2020.
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The high-end Equinox gym claimed Röbynn Europe was fired for repeated tardiness. Europe alleged her firing was retaliation.
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JPMorgan has filed a trademark application for an A.I. software that can pick stocks—and much more.
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min )
CEO Dave Powers doubled down on the success of the company’s Hoka brand in a call with analysts on Thursday evening.
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The upper middle class is feeling the economic squeeze too.
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The US stock market is poised to end the week on a positive note, fueling optimism as the long holiday weekend approaches. This positive sentiment stems from the news that the White House and congressional Republicans are nearing the final stages of reaching an agreement to raise the government’s debt ceiling, which currently stands at $31.4 trillion. A successful debt ceiling bill would lay to rest fears that the US could default on debt obligations and avoid the risks such an event would bring
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Returns reach levels not seen in years, and the short-term U.S. securities offer liquidity with little risk, despite the battle over the debt ceiling.
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(Bloomberg) -- Morgan Stanley’s chief US equity strategist isn’t convinced the stock rally is here to stay and strengthened his warning about a potential market downshift later this year. Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Emplo
( 8
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Nvidia’s 24% rally in Thursday’s session turned heads on Wall Street and raised questions about whether the AI-driven market frenzy is becoming a bubble. But it wasn’t necessarily ret
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David Einhorn’s hedge fund, Greenlight Capital, enjoyed some big gains in 2022, being one of the few to benefit from last year’s bear market. The conditions suited the value investor’s style, and the fund had its best year in a decade. However, it has been a different story so far this year, as Greenlight has been underperforming the broad markets. Einhorn, however, is not about to bang his head against the wall and try to fit a square into a circle. In a recent letter to shareholders, he stated
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Ulta's average sales per customer fell for the first time in more than five years, the company reported Thursday.
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Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog.
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New York City is taking its business away from banks that lack anti-discrimination plans.
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Retirement offers you the time to do the kind of stuff you always wanted to do but couldn't because work filled up your schedule. Of course, retirement also typically means living on a fixed income, which may limit your ability … Continue reading → The post 6 Fun Things to Do in Retirement on a Budget appeared first on SmartAsset Blog.
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If you have multiple millions set aside for retirement, you may still feel a little nervous at the possibility of giving up a steady paycheck at age 50. After all, many resources that people use for retirement such as traditional retirement … Continue reading → The post Is $10 Million Enough for You to Retire at 50? appeared first on SmartAsset Blog.
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Buying a home is one of the biggest financial decisions many people will ever make. And it can also be one of the most complex. Even the simple question of what percentage of your income should safely go to a … Continue reading → The post What Percentage of Your Income Should Safely Go to a Mortgage? appeared first on SmartAsset Blog.
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Retiring at 40 may sound like a pipe dream. But it's entirely within reach if you save $1 million while working. The key elements for achieving this feat are sticking to a budget and implementing a comprehensive retirement strategy. But … Continue reading → The post Can I Retire at 40 With $1 Million? appeared first on SmartAsset Blog.
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For some people, retirement can feel a bit like the dog that caught the car. You've prepared for this moment your entire adult life, and you're certainly very happy to have gotten here but … well, now what? You've spent … Continue reading → The post Five Tips to Enjoy Life After Retirement appeared first on SmartAsset Blog.
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U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest rates higher for some time. Consumer spending jumped 0.8% last month, the Commerce Department said on Friday. Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.4%.
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A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April, much higher than the 0.1% increase the previous month. The government reported Friday that the year-over-year figure was down sharply from a peak of 7% last June yet remains far above the Fed's 2% inflation target, and it surpassed the 4.2% figure in March.
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Increasing demand for generative AI is driving Marvell's network products, this analysts says.
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The company made its first crewed test flight since Sir Richard Branson went to orbit in July 2021.
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min )
(Bloomberg) -- Comcast Corp. Chief Executive Officer Brian Roberts has a penchant for lining up a huge deal around every five years or so. It was 2018 the last time he made a big acquisition, and Wall Street is ready for his next dramatic move.Most Read from BloombergWorld’s Richest Man Throws In Towel on Beverly Hills HotelEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks G
( 12
min )
Cathie Wood's Ark Innovation ETF sold its Nvidia shares before the majority of the chip maker's stock rally but is backing automation software maker UiPath.
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min )
Applied Materials Inc. (AMAT) shares gained 15% in the month of May alone. The latest surge in potential A.I. related companies has helped. However, unusual buying in the shares has been a theme for months.
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min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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US debt ceiling talks appear to have overcome an impasse and are now close to finding a resolution.
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min )
(Bloomberg) -- Marvell Technology Inc. surged more than 21% in late trading after the chipmaker said it expects revenue from artificial intelligence to soar this year, capitalizing on a spending boom that also sent Nvidia Corp. on a record-setting rally this week. Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republ
( 7
min )
U.S. stock futures fell early Friday as investors held tight for updates on the debt ceiling negotiations and awaited the Federal Reserve’s preferred inflation metric.
While tech outperformance, following Nvidia’s earnings, largely drove Thursday’s gains on Wall Street, there were also positive sig
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min )
(Bloomberg) -- Asian investors remain on edge before the weekend amid concern US debt-ceiling negotiations may still break down or could result in draconian spending cuts that crimp global economic growth.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before Bu
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ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia's former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore's International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili safe, in the latest blow to the troubled bank, which is being taken over by UBS. Credit Suisse immediately said it would appeal the decision.
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Across government and the city, policymakers and politicians are singing from the same hymn sheet: the City of London needs to start taking more risks.
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(Bloomberg) -- Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Ban
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The US markets are showing some conflicting signs, making forecasting difficult. The main headwind, inflation, is down – but the labor market is strong, with unemployment falling and wages rising. The Federal Reserve raised interest rates at the fastest rate since the 1980s, bringing them from near-zero to more than 5% in the last 12 months, risking recession to try and keep a cap on prices. But will the Fed’s efforts come to naught? Interest rate increases tend to affect the markets with a lag
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We reviewed and compared the buy now, pay later (BNPL) apps from Klarna and Afterpay. This review will help you decide which is the best BNPL app for your needs.
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Coming up next week: May nonfarm payrolls, U.S. home prices, and eurozone inflation figures.
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Intel rebounds to lead the Dow upward, while American Express gains on ratings upgrade
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Markets gain on Friday, May 26, 2023 on optimism about debt ceiling talks, more positive AI news
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Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.
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Gap reported an unexpected quarterly profit as restructuring efforts and lower costs boosted margins.
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Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.
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An embargo is a government order that restricts commerce or exchange with a specified country, usually as a result of political or economic problems.
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U.S. adults are taking longer than people their age in 1980 to reach milestones such as being financially independent, getting married or having a child, a new Pew Research Center study found.
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See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
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In a matter of seconds, generative artificial intelligence can produce new content, such as text, images, video, and code, in response to a user-given prompt.
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Mortgage rates continue to surge, extending a pattern of almost daily increases for more than a week. The 30-year rate average is now nearing a 20-year high-water mark.
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The Associate in Information Technology (AIT) designation is geared toward educating insurance professionals about the IT environment.
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Learn how Sony Corporation became a leader in the entertainment world, along with the four biggest companies it owns.
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Rival automakers Ford and Tesla announced a partnership to share 12,000 EV charging points, following a Biden Administration plan for American-made EV solutions.
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Hawkish describes an inflation hawk, or a policy maker or advisor who prioritizes controlling inflation and may favor higher interest rates to keep it in check.
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The Federal Reserve’s preferred measure of consumer prices surged in April, dealing a setback in the fight against inflation.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
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Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
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Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
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Whether the debt ceiling crisis pushes borrowing costs down or makes them spike depends on how the standoff unfolds, and how markets react.
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A buydown is a mortgage financing technique where the buyer tries to get a lower interest rate for at least the mortgage’s first few years but possibly for its lifetime.
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Find out how duration and convexity measures can help fixed-income bond investors manage risks such as interest rate sensitivity within their portfolios.
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De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.
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De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.
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De Autoriteit Persoonsgegevens (AP) heeft van de Duitse privacytoezichthouder een tip gekregen over een mogelijk datalek bij autofabrikant Tesla. Volgens de Duitse zakenkrant Handelsblatt ligt ongeveer 100 gigabyte aan persoonsgegevens op straat.
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Niet Air France KLM, maar de Duitse luchtvaartmaatschappij gaat er met de Italiaanse airline ITA vandoor. Lufthansa kocht donderdag al een deel van de luchtvaartmaatschappij op en komt volgens topman Carsten Spohr later terug voor de rest.
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La Place, dat ooit begon in de winkels van het ter ziele gegane V&D, vindt bij HEMA opnieuw onderdak in een warenhuis. Zowel HEMA als La Place is nu in handen van de familie Van Eerd, de eigenaren van supermarktketen Jumbo. Eerder al kwamen producten van HEMA in de schappen van Jumbo te liggen, La Place is een nieuwe stap in die kruisbestuiving.
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Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."
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Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."
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Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."
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Cuba is steeds afhankelijker van de voedselproductie op het eiland, zei de Cubaanse minister Alejandro Gil van Economische Zaken tegen het nieuwe parlement. Door de belabberde economische situatie wordt het steeds lastiger om voedsel, brandstof en medicijnen te importeren. Maar ook de eigen landbouwproductie hapert.
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Neuralink heeft van de Amerikaanse medische toezichthouder FDA toestemming gekregen om een gedachtenlezer op mensen te testen. Het bedrijf van Elon Musk heeft een hersenimplantaat ontwikkeld waarmee het brein rechtstreeks kan communiceren met een computer.
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Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.
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Sinds de strengere regels voor 0906-nummers zijn er al 163 telefoonnummers onbruikbaar gemaakt. De komende weken trekt de toezichthouder er nog zo'n 250 in. Het gaat onder meer om telefoonnummers waarvan het voor de beller niet onmiddellijk duidelijk is dat het om een betaald nummer gaat.
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Drie jaar na de introductie van 5G in Nederland kunnen we nog steeds niet optimaal gebruikmaken van het snellere mobiele internet. Wat we nu hebben is een 4G-verbinding in een 5G-jasje. Het duurt nog minimaal een jaar voordat we het échte 5G kunnen gebruiken.
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Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.
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Mortgage rates quoted in headlines can differ, which can cause confusion. Freddie Mac is the most recognized source for mortgage rates but Investopedia's mortgage rate data is published daily and represents a more timely and realistic snapshot of national and state-level rates.
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Accounting is the process of recording, summarizing, and reporting financial transactions to oversight agencies, regulators, and the IRS.
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Cum laude is a Latin term that translates to “with honor.” Magna cum laude means “with great honor,” and summa cum laude means “with the greatest honor."
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A decentralized autonomous organization (DAO) is a system developed to distribute decision-making, management, and entity ownership.
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A performance appraisal is a regular review of an employee’s job performance and overall contribution to a company.
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The Industrial Revolution was a period of radical modernization and mechanization that began in Great Britain and spread to the United States.
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Investopedia’s second-ever special edition print magazine, What To Do With $10,000, is on sale now. The new issue explores where to invest your cash and build wealth based on your individual financial goals.
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Average IRA, 401(k) and 403(b) balances rose in the first quarter of 2023, according to a Fidelity study of 44.5 million accounts, with Gen Z making the biggest gains.
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The value-oriented Dow Jones Industrial Average fell by 0.1%, or about 35 points, as investors brushed off debt-ceiling gridlock and piled into tech stocks.
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Risk takes on many forms but is broadly categorized as the chance an outcome or investment's actual return will differ from the expected outcome or return.
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Find out more about loan delinquency, loan default, and the differences between a loan borrower defaulting and being delinquent on a loan.
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U.S. equities were mixed on Thursday, May 25, 2023 as Nvidia's results and outlook helped send the Nasdaq and S&P 500 higher, while the Dow fell on growing concerns about a possible government default.
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Dollar Tree shares declined as the discount retailer missed profit estimates and cut its profit forecast because of theft and inflation.
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Just 43% of non-retired Americans surveyed by Gallup said they expect they can afford a comfortable retirement.
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Pending home sales were unchanged in April from the previous month as high prices, rising mortgage rates and limited inventory keep the homebuying market in a slump.
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A wise investor is one who recognizes gold’s place in the market, without attaching too much or too little significance to it.
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The U.S. debt seems to grow every year. But how does national debt actually affect you?
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A co-applicant is a second named person on a loan or other type of application.
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Market failure is a situation in which there is an inefficient allocation of goods and services in the free market.
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Brand personality is a set of human characteristics attributed to a brand name that the consumer can relate to.
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An all-cash, all-stock offer is a proposal by one company to purchase all of another company's outstanding shares from its shareholders for cash.
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On Thursday morning, it was made public that a consortium of buyers, including Arrington Capital, won the bidding war over insolvent crypto lender Celsius' assets.
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The average mortgage rate on 30-year loans fell after eight straight days of growth, dropping 9 basis points, while 15-year average was also down, though it didn't fall as far.
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Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.
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Discover the key elements of making a winning stock pick and a good long-term investment using fundamental and economic data analysis.
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You don’t have to take required minimum distributions from your Roth IRA during your lifetime, but your heirs eventually may have to.
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A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (debt) to meet the cost of acquisition.
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Nvidia shares surged more than 20% Thursday to all-time highs, pushing the chipmaker’s market capitalization to a new record just shy of $1 trillion.
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A bear market poses difficult choices for investors, who must consider their risk tolerance, time horizon, and objectives.
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Economic order quantity (EOQ) is the order quantity a company should make for its inventory given production cost, demand rate, and other variables.
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If your local government seizes your property and sells it at an auction over unpaid taxes, they’re no longer allowed to keep the profits, the Supreme Court ruled Thursday.
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Accenture Federal Services has won a spot on a seven-year purchase agreement worth up to $2.6 billion in contracts to modernize IRS systems.
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The volume price trend (VPT) indicator helps determine a security’s price direction and strength of price change.
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Sears offers several types of store cards, each with its own rewards and benefits programs.
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A unilateral transfer is a one-way transfer of money, goods, or services from one party to another such as government payments made to citizens.
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A structured note is a debt security issued by financial institutions. Discover why structured notes might not be the best option for an investor.
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Here's what you need to know to choose between a health savings account (HSA) and a flexible savings account (FSA) to help with medical expenses.
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Find out how your profits are taxed and what to consider when making investment decisions.
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Fitch doesn’t believe the U.S. will ultimately default, but debt negotiation delays show an ongoing risk to the nation’s creditworthiness.
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Can the government foreclose on your house for unpaid taxes, sell it off, and keep all the profits? That’s now up to the Supreme Court.
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Sally Beauty is the best value cosmetics stock, while e.l.f. Beauty leads the pack for fastest growth and most momentum.
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Clean energy will account for 60% of all global energy investment in 2023, the IEA predicts, with spending on solar energy surpassing oil for the first time.
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The national debt is the total that a country owes creditors, which in the case of the United States includes debt held by the public and intragovernmental debt.
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Amazon is the world's largest cloud-computing company. But investors ignored the stock on a day when many other plays were up sharply.
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David Trainer, founder of investment research firm New Constructs, ran a model showing Nvidia stock is unlikely to reward future investors at this level.
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The chip maker's CEO says that "AI has emerged as a key growth driver for Marvell."
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The cash infusion in Shari Redstone’s National Amusements comes weeks after Paramount cut its dividend, a key source of income for Redstone and her family.
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The business empire of corporate raider and activist investor Carl Icahn continues to tumble amid the fallout following a recent report from short-selling firm Hindenburg Research — and losses are accelerating as a longtime rival echoes the firm's allegations. In the report, published on May 2, Hindenburg claimed that Icahn Enterprises has been using inflated asset valuations. Based in Sunny Isles Beach, Florida, Icahn Enterprises has stakes in businesses ranging from food packaging and automotive to real estate and pharmaceuticals.
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On the company's earnings call, CEO Jensen Huang may have pointed to two good AI plays.
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The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds, that raises uncertainty over whether the issues they hold will be affected, and what happens if the debt is not repaid or an interest payment is skipped. No. Treasuries do not have any cross default provisions so a skipped payment on one issue will not necessarily impact others.
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Alibaba Group Holding Limited (NYSE: BABA) shared plans to hire 15,000 people in 2023, sharply contradicting reports of its layoff plans. The Chinese e-commerce platform voiced a requirement of 15,000 recruits for its six major business divisions. The company said it would recruit 3,000 university graduates. Also Read: Navigating Alibaba's Bumpy Road: Analyst Holds Positive, Adjusts Price Target Downward Alibaba snubbed reports of layoffs as "rumors" and said employee departures are part of the
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(Bloomberg) -- Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp. stake in early January. Then, came the artificial intelligence frenzy that sent the stock and its big tech peers on a tear.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFirs
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Treasury's Bureau of Fiscal Management said it would auction $119 billion of 3-month and 6-month bills on Tuesday, with the sales formally settling two days later on June 1. According to research firm Wrightson ICAP, the bureau would not typically announce an upcoming sale "until it is certain that it has room under the debt ceiling for the new securities."
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Meet Dr. Herbert Wertheim, the billionaire optometrist who Forbes hailed as “the greatest investor you’ve never heard of.” He quietly built a stock portfolio estimated at $4.6 billion. Affectionately known as Dr. Herbie, Wertheim has built his portfolio through traditional, time-tested investment strategies. By primarily investing through ordinary Fidelity Investments and Charles Schwab accounts, he has been able to steadily grow his wealth. Don't Miss: Why Jason Calacanis and Other Silicon Vall
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President Joe Biden and House Speaker Kevin McCarthy are coming close to a deal on the debt ceiling, according to a report from Reuters that cited a person familiar with the matter.
The Dow Jones
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Even financial gurus like Warren Buffett, CEO of Berkshire Hathaway Inc., are not immune to making mistakes or bad investments. Buffett has acknowledged a costly “mistake” that impacted the conglomerate’s financials. Despite earning $42.5 billion in 2020, Buffett revealed in his annual letter to shareholders that the company had incurred a substantial loss of $11 billion because of an ill-fated acquisition. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Start
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The affected clients are being offered the option to transform their revolving credit lines into fixed-term loans at the same rate for a period of up to five years, the report said, adding First Republic is also asking customers if they would prefer to pay off their credit lines. First Republic's business model was to lure high net-worth customers with preferential rates on mortgages and loans.
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Thursday’s gain brings it closer to 13,000, the index’s recent peak in August and a level it hasn’t retuned to since.
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Pratt & Whitney has no engines currently available for India's Go First airline, which also has no rights over them, the counsel for the U.S. firm told a Delaware court on Thursday as the two companies engaged in a raging dispute over the supplies. The Indian airline has approached the Delaware court to enforce an arbitration order it won in Singapore against Pratt & Whitney, which it blames for its financial troubles and argues the U.S. firm failed to supply engines on time. Pratt says those claims are without merit.
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Icahn Enterprises LP's stock tumbled as much as 24.7% to $18.03, deepening losses of more than 60% that were recorded following short-seller Hindenburg Research's scathing attack on the company three weeks ago. In a memorable clash a decade ago, the billionaire had shorted supplement company Herbalife, in which activist investor Icahn was a shareholder.
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The EV upstart is on the right path, says one analyst.
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Once upon a time, retirement in America was referred to as "a three-legged stool." The first leg was your expected Social Security benefits, the second leg was your own personal savings and the third was something old-timers called a pension. … Continue reading → The post Thousands of Old Pensions Are Going Unclaimed. How to Find Out If One of Them Is Yours appeared first on SmartAsset Blog.
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(Bloomberg) -- Traders betting against Nvidia Corp. suffered massive losses as the chipmaker’s stock surged to a record high after it forecasts sales that far surpassed the average analyst estimate. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before BustUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseJPMorgan Tells 1,
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Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.
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The chip maker's incredible quarter—and share price gain—holds both promise and peril for another stock market darling.
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A long-running feud between activist hedge fund managers Carl Icahn and Bill Ackman is revived as the latter tweets about the embattled shares of the former's investment vehicle.
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Shares of Nvidia, already one of the world's most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. Late Wednesday the maker of graphics chips for gaming and artificial intelligence reported a quarterly profit of more than $2 billion and revenue of $7 billion, both exceeding Wall Street expectations. "It looks like the new gold rush is upon us, and NVIDIA is selling all the picks and shovels,” Susquehanna Financial Group’s Christopher Rolland and Matt Myers wrote Thursday.
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(Bloomberg) -- Oil fell as the dollar strengthened and Russia played down the likelihood of OPEC+ cutting production further.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewWest Texas Intermedi
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He also claimed that work-life balance is a myth.
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The chip maker's blowout guidance sent shares of other AI-exposed companies, such as Microsoft and Alphabet, higher.
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According to undisclosed sources, activist investor Carl Icahn is poised to secure enough shareholder support to place Andrew Teno, an Icahn nominee, to join the board of Illumina Inc (NASDAQ: ILMN). However, it should be noted that the tally has not yet been finalized, and shareholders still have the opportunity to modify their votes before the commencement of the company's annual shareholder meeting on Thursday, Reuters reported. Also Read: Carl Icahn Admits Making A Mistake On Bearish Bet, Sa
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(Bloomberg) -- Speaker Kevin McCarthy said issues remain in negotiations with the Biden administration on raising the federal debt limit as the clock ticks down to the point when the Treasury runs out of cash.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill
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The phrase ‘a recession is coming’ has attained a mantra-like quality in recent times, reflecting the prevailing belief that a downturn in the economy is imminent. However, taking a stance in opposition to the doom sayers, billionaire Steve Cohen is keeping an optimistic outlook. “I’m making a prognostication — we’re going up,” Cohen said recently. “I’m actually pretty bullish.” That might be a bold statement to make right now, but it’s not as if Cohen has had no success in taking the fearless r
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Personal loans secured against the value of Icahn's ownership in his own investment firm could prove highly unstable, the Pershing Square founder warns.
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Operating a business on the side can give you valuable tax deductions as well as extra income. However, the Internal Revenue Service (IRS) decides if the business is actually a hobby or not. If the IRS says it is, you … Continue reading → The post IRS Hobby vs. Business: What It Means for Taxes appeared first on SmartAsset Blog.
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(Bloomberg) -- First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘So
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Thursday, Barclays analyst Jiong Shao downgraded XPeng to Sell from Hold. His price target went to $6 a share from $8.
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(Bloomberg) -- Stock market strategists and portfolio managers who expected equities to go nowhere in 2023 are changing their tune as their fears transform into the fear of missing out on a potential rally. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths
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The discount retailer posts first-quarter adjusted earnings of $1.47 a share, below analysts' expectations of $1.53.
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(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewSinc
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(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths Soar on Everest After Record Number of Climbers Attempt SummitSinc
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The transaction comes after Stratasys rejected multiple takeover offers from Nano Dimension Ltd, its largest shareholder with a 14.2% stake. Nano on Thursday launched a hostile $18.00 per share all-cash offer to boost its stake in Stratasys to between 53% and 55%. Desktop Metal stockholders will receive 0.123 ordinary shares of Stratasys for each share of Desktop Metal Class A common stock.
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Daiwa analyst Jairam Nathan upgrades shares of Ford to Hold from Sell. What the auto maker didn't say at its analyst event is the reason.
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Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as the medical device maker expects stronger dollar to continue dragging its sales down in international markets. Medtronic has warned of a delayed improvement in earnings this year as its costs continue to remain high despite restructuring efforts. It expects profit to be in the range of $5 per share to $5.10 per share for the fiscal year 2024, lower than analysts' estimates of $5.20 per share, according to Refinitiv IBES data.
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Medtronic Plc beat Wall Street estimates for quarterly profit on Thursday, helped by a recovery in non-urgent surgical procedures that were delayed during the pandemic as well as strong demand for its heart and diabetes devices. Excluding items, the Dublin-based medical device maker reported a profit of $1.57 per share for the fourth quarter, slightly above analysts' average estimate of $1.56 per share, according to Refinitiv IBES data.
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The White House and congressional Republicans on Thursday are expected to resume negotiations on a deal to raise the government's $31.4 trillion debt ceiling, with as little as a week remaining until a potential economically catastrophic default. Democratic President Joe Biden and House of Representatives Speaker Kevin McCarthy are at odds over spending, taxes and work requirements for anti-poverty programs. "We'll continue to work through this, try to get a solution," McCarthy, the top Republican in Congress, told reporters after his negotiators returned from a four-hour White House meeting on Wednesday.
( 7
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Nvidia issues a bullish sales forecast for its fiscal second quarter and the stock soars, Snowflake slashes its revenue outlook, and Splunk's adjusted earnings easily top estimates.
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The Shark Tank star said she got her spending philosophy from her mother—and it's served the real estate titan well.
( 8
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Royal Bank of Canada reported a drop in second-quarter profit on Thursday, as tough economic conditions spurred the lender into building higher provisions to prepare for more borrowers falling behind on their loan repayments. Net income fell 14% to C$3.65 billion ($2.70 billion) or C$2.58 per share for the three months ended April 30, compared with C$4.25 billion, or C$2.96 per share, a year earlier.
( 6
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(Bloomberg) -- Snowflake Inc. gave a sales outlook for the current quarter that fell short of expectations, suggesting that many companies are trimming their spending for cloud software amid uncertain economic conditions. The shares declined more than 12% in extended trading.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Bigges
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 20
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Nvidia shares jumped after it forecast a revenue tailwind from the artificial-intelligence race, but if you don’t want to shell out for the expensive stock, there are other options.
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(Bloomberg) -- Chinese stocks in Hong Kong plunged as investors trimmed positions ahead of a long weekend, with disappointing earnings from electric-vehicle maker XPeng Inc. spurring a selloff in automobile shares.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof
( 8
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Chipmaker Nvidia’s upbeat earnings gave its stock a boost unprecedented in the company’s history and in the history of the US stock market.
( 8
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Nvidia shares jumped almost 25% in extended trading after the chipmaker gave a revenue forecast 50% higher than analyst estimates.
( 9
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Netflix's new "paid sharing" policy could boost revenue and improve profits. But it's a big headache for parents with adult children.
( 22
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(Bloomberg) -- China’s muted economic rebound, and Beijing’s reluctance to deploy large-scale stimulus, are reverberating around the globe, crushing commodity prices and weakening equity markets.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and
( 8
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Activist investor Carl Icahn is seeking to unseat Illumina’s chairman and its CEO, and put three of his own people on the company’s board.
( 22
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(Bloomberg) -- Nvidia Corp. may be poised for a record one-day jump in value for a US company after it raised its outlook on voracious demand for chips used in artificial intelligence applications.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out a
( 7
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In addition to waiters, baristas, and drivers, Americans are wondering why they're being asked to tip at fast food restaurants and self-checkout.
( 8
min )
Elon Musk blames overloaded servers for Twitter Spaces crashing while Florida governor Ron DeSantis announces his presidential run on the platform's live audio feature.
( 7
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(Bloomberg) -- Nvidia Corp. results showing that customers are binging on chips used in artificial intelligence computing sent a complex of stocks tied to the burgeoning technology soaring. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends
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With companies like Google and Microsoft racing to integrate artificial intelligence into their services, there’s already one clear winner: Nvidia, which makes the chips powering the AI boom.
( 7
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In physics, gravitation dictates that what goes up must come down. The stock market, however, is a bit less predictable. Stocks can follow the crowd, buck the market’s trend, or just mosey along. This year, energy stocks are bringing up the bottom of the pack, underperforming the broader markets. However, it’s worth noting that what goes down can still come back up. In this regard, the investment giant Goldman Sachs has been identifying energy stocks that are primed to recoup their losses — and
( 11
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De Europese Centrale Bank (ECB) zal de rentetarieven in de eurozone ook in juni en juli nog moeten verhogen om de hoge inflatie onder controle te krijgen. De inflatie blijkt namelijk hardnekkiger dan verwacht, benadrukt president Klaas Knot van De Nederlandsche Bank (DNB) in een interview met vier grote Europese kranten.
( 4
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Medewerkers van de Nedcar-autofabriek in het Limburgse Born gaan volgende week weer staken. Ze hebben een bod voor een sociaal plan van eigenaar VDL afgewezen.
( 3
min )
De marktprijs voor gas blijft maar dalen en is donderdag gezakt naar 25 euro per megawattuur. Dat is vier keer zo laag als begin dit jaar en zelfs twaalf keer lager dan in augustus 2022. Uiteindelijk zien we dat ook terug op de energierekening.
( 4
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De gasprijs blijft de laatste maanden maar dalen. Die daling heeft meerdere oorzaken. Nieuw is dat EU-landen, samen met een aantal andere Europese landen, gezamenlijk gas kunnen inkopen. Dat werkt zo.
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EU-lidstaten zouden hun steunmaatregelen die zijn bedoeld als compensatie voor de hoge energieprijzen moeten afbouwen. Zo kunnen de nationale overheden de hoge inflatie tegengaan, zegt beleidsmaker François Villeroy de Galhau van de Europese Centrale Bank (ECB).
( 3
min )
De energierekening wordt komend jaar een stukje goedkoper door dalende tarieven voor gastransport. Die tarieven moeten 20 procent omlaag, heeft toezichthouder ACM besloten. En dat zorgt voor een besparing van maximaal 5 procent op de energierekening.
( 3
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Ambilight TV prijkt vanaf komend weekend op de mouwen van de spelers van FC Barcelona. De sponsoruiting is afkomstig van TP Vision, het bedrijf dat tv's voor Philips maakt.
( 2
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Sinds de oorlog in Oekraïne is in de Europese Unie ruim 200 miljard euro aan Russische tegoeden bevroren. Europa wil dat geld losweken voor de wederopbouw van Oekraïne.
( 3
min )
Hoewel alle kantoren sinds 1 januari minstens energielabel C moeten hebben, zijn er door het hele land nog duizenden gebouwen die niet aan die plicht voldoen. De eerste waarschuwingsbrieven vliegen de deur uit, maar handhaving is lang niet overal even streng.
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Bedrijven investeren dit jaar wereldwijd voor zo'n 1.000 miljard dollar (ongeveer 930 miljard euro) in projecten voor fossiele energie. Vooral staatsbedrijven in het Midden-Oosten schroeven hun investeringen op. Dat berekende het internationaal energieagentschap IEA.
( 4
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Ruim honderd spelletjes voor Android-smartphones zijn vanaf vandaag ook speelbaar op Windows-computers. Google heeft de software waarmee dit mogelijk is nu ook uitgebracht in Europa. Volgens het techbedrijf gaat het nog om een test.
( 3
min )
Transavia schrapt in juli en augustus 210 vluchten vanwege een tekort aan vliegtuigen. Het merendeel van de betreffende reizigers is inmiddels omgeboekt, meldt de luchtvaartmaatschappij donderdag.
( 3
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Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden hebben een ultimatum aan het kabinet gesteld dat 16 juni verloopt. Daarin eisen ze een loonsverhoging van 12 procent.
( 4
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De Duitse economie is in een recessie terechtgekomen. De grootste Europese economie kromp twee kwartalen achter elkaar. Dit komt vooral door huishoudens die minder geld uitgeven.
( 3
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Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden stellen een ultimatum aan het kabinet dat 16 juni verloopt en daarin eisen ze een loonsverhoging van 12 procent. Komt die verhoging er niet, dan dreigen ze met acties in het volgende schooljaar.
( 3
min )
In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.
( 3
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In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.
( 3
min )
Vanaf donderdag rijdt voor het eerst sinds 2014 weer een reguliere slaaptrein tussen Amsterdam en Berlijn. De Nederlandse start-up European Sleeper heeft na een lange zoektocht genoeg rijtuigen gevonden om mee naar de Duitse hoofdstad te rijden.
( 5
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(Bloomberg) -- House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the US was put on a ratings watch late Wednesday. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers
( 8
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(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksMcCarthy Says GOP and White House ‘Have Time’ to Reach Debt
( 11
min )
“BudLighting” is a strategy of branding companies as “woke” and calling for boycotts over everything from gender-inclusive swimwear to Bud Light beer.
( 9
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The billionaire investor said in a tweet on Wednesday that he was "fascinated" by the situation between the short seller and Icahn Enterprises, while noting that the company's premium had been sustained by a large dividend yield. "The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors," Ackman said, adding the system is highly dependent on the "maintenance of the premium and the placidity of Icahn's margin lender(s)". Bill Ackman declined to comment beyond his tweet.
( 7
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The provider of business automation software cautions that results could be affected by a recent reorganization of its sales team.
( 22
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Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.
( 16
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The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology.
( 28
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More details will be shared by Verizon on May 25, the report said, citing a prerecorded message that employees received. A demand downturn on account of elevated inflation and rising interest rates has forced several U.S. companies ranging from Meta Platforms Inc to Alphabet Inc to lay off thousands of their employees. Verizon in April had missed its first-quarter revenue and free cash flow estimates, hit by wireless subscriber losses as inflation-hit Americans delayed device upgrades and a pandemic-led growth boom fizzled out.
( 7
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Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason-they simply can't afford to retire. That's the finding from a new study by Korn Ferry that found that … Continue reading → The post Retirement Crisis: Older Americans Struggle to Afford Life After Work appeared first on SmartAsset Blog.
( 8
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(Bloomberg) -- Bill Ackman said Hindenburg Research has “outed” the way billionaire Carl Icahn runs his publicly traded company and suggested shares have room to fall after tumbling to the lowest levels since 2009.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Putin’s Ukraine War GoalsWorld’s Biggest Nuc
( 7
min )
(Bloomberg) -- Stratasys Ltd. is in talks to acquire Desktop Metal Inc. in an all-stock deal that would create a leading 3D printer company in a fragmented industry, according to people familiar with the matter. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofUS Equities Pare Losses as Debt-Talks Resume: Markets WrapRussian Wagner
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While results for the quarter ending in April were solid, the company provided a disappointing outlook for the July quarter, and reduced its full-year view.
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Nvidia Corp on Wednesday forecast second-quarter revenue above Wall Street estimates, as the growing popularity of artificial intelligence drives demand for its chips used in powering the technology at big data centers. The company forecast current-quarter revenue of $11 billion, plus or minus 2%. Analysts polled by Refinitiv expect revenue to be $7.15 billion.
( 6
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The U.S. solicitor general on Tuesday urged the U.S. Supreme Court to reject an appeal by Apple Inc and Broadcom Inc stemming from their $1.1 billion trial loss to the California Institute of Technology in a patent infringement case. Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office.
( 7
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The retailer says employees have received threats since its Pride Month collection was introduced.
( 22
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Stocks remained lower Wednesday after minutes from the Federal Reserve's latest meeting showed that several participants were open to pausing interest-rate hikes.
The Dow Jones Industrial Average was down 230 points, or 0.7%. The S&P 500 fell 0.7%, and the Nasdaq Composite dropped 0.8%.
Minutes fr
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Here's how you can set yourself up financially to make the most out of your post-career years.
( 8
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(Bloomberg) -- Companies that pay rich dividends have been stock-market laggards this year as investors piled into growth-oriented tech giants — but that’s about to change, according to Goldman Sachs.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Ou
( 7
min )
The brutal truth about the housing market's new Ice Age: If you don't already own a home, you're going to be screwed for years to come.
( 11
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(Bloomberg) -- The deadlock in debt-ceiling negotiations is adding to default concern around a number soon-to-mature Treasury bills and also starting to dent investors' appetite for risk more broadly.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Slide as Sentiment on Global Outlook Sours: Markets WrapLula Lashes Out and S
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The stock is on pace for its worst month in nearly two years.
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An asset class recession would hit at a uniquely vulnerable time, as the share of Americans invested in stocks hasn’t been so high since the Great Financial Crisis.
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The Treasury secretary says her agency isn’t getting ready for a potential debt default.
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Billionaires usually shop for grand mansions, but Elon Musk is not the usual billionaire. In 2022, the Tesla Inc. CEO made headlines by revealing that he owns a tiny home made by Boxabl, a company that specializes in making prefabricated modular housing units. Musk said he uses the tiny home as a guest house. But the unit, called the Casita, comes with plenty of features, including a full-size bathroom, kitchen, appliances, tall ceilings and big windows. Coming in at 361 square feet, the Casita
( 8
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On Aug. 16, President Joe Biden signed the Inflation Reduction Act into law, directing billions of dollars to Americans looking to upgrade their homes, businesses and cars. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families One provision of the law allows Americans making less than $150,000 a year to claim a $7,500 tax credit for buying an electric car. The law also provides $9 billion in rebates to help people ele
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Analysts downgraded the laboratory instruments maker's stock after it trimmed its profit outlook for the year on a loss of demand.
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The stock has done well, but it hasn't gotten the narrative boost that some other big tech stocks have.
( 22
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Negotiators have failed to reach a deal so far despite a “hard deadline” looming.
( 7
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(Bloomberg) -- Meta Platforms Inc. employees received news Wednesday of the final round of previously announced job cuts, which affected thousands of workers in the company’s business departments. Now, remaining staff are hoping an uncomfortable limbo at the company can end.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Sl
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With EPS beats surpassing misses by a rather normal 4:1 ratio, 1Q23 earnings have been characterized as ‘better-than-feared.’ That said, since the Q1 earnings season began, the S&P 500’s returns have not been particularly impressive. This suggests to Wells Fargo equity analyst Christopher Harvey that rather than being boosted by earnings/fundamentals, the gains accrued so far this year have been driven mostly by “funding and liquidity.” And if that is the case, the omens are not great. “If credi
( 10
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Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.
( 22
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Negotiations to raise the U.S. debt ceiling are expected to resume Wednesday morning, according to a report from Reuters,and%20avoid%20a%2
( 25
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The maker of semiconductors posted adjusted earnings of $2.83 a share for the April quarter, up 18% from the same period a year earlier. Quarterly revenue was $3.26 billion, up 10%.
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Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.
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Conventional logic says you should delay withdrawals from your tax-deferred retirement accounts as long as possible to maximize the tax-free compounding that can increase the size of your overall nest egg. But the IRS won't wait forever to get its … Continue reading → The post You Can Now Delay RMDs But Think Twice Before You Do appeared first on SmartAsset Blog.
( 8
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The laboratory instruments maker posted earnings of $1.27 per share, better than the $1.26 expected by analysts.
( 22
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Bitcoin's April peak above $30,000 looks increasingly out of reach as U.S. debt-ceiling talks remain a key catalyst for cryptos.
( 22
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Kohl's posted a surprise profit for the fiscal first quarter, helped by the department store chain's moves to cut inventory in the wake of weak sales. The company, based in Menomonee Falls, Wisconsin, also affirmed its annual financial guidance, pushing up shares 11% higher in premarket trading on Wednesday. Kohl’s said that it it cut inventory by 6% while it continued to see sales momentum with its Sephora beauty shops and noted that its stores were more productive.
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The greenback continues to look for momentum, as the market is sitting just above the recent ascending triangle.
( 7
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XPeng Inc (NYSE: XPEV) reported a first-quarter FY23 sales decline of 45.9% year-on-year, to RMB4.03 billion ($587.31 million), missing the consensus of $741.07 million. The Tesla Inc (NASDAQ: TSLA) rival's quarterly vehicle deliveries decreased 17.9% Y/Y to 18,230. Revenues from vehicle sales decreased 49.8% Y/Y, mainly attributable to lower vehicle deliveries and the discontinuation of new energy vehicle subsidies. Gross margin contracted by 1,050 basis points to 1.7%. Vehicle margin contracte
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The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.
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Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.
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The company forecast third-quarter revenue of $3.10 billion, plus or minus $100 million, the midpoint of which was lower than analysts' estimates of $3.16 billion, according to Refinitiv data. Analog Devices also said it expects current-quarter adjusted profit of $2.52 per share, plus or minus 10 cents, below estimates of $2.65 per share. The dour forecast mirrors the weakness seen at peer Texas Instruments Inc last month, with the chip industry struggling to shake off a slump that has led to a pile-up of inventory.
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Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
( 8
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The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.
( 22
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Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.
( 22
min )
Target is pulling some Pride collection products off its shelves after some customers made their homophobic feelings known.
( 9
min )
Intuit boosts its fiscal-year earnings and revenue outlook but its fourth-quarter profit estimate misses estimates, Palo Alto Networks raises guidance on profit, revenue, and billings for the fiscal year, PacWest sells a real-estate lending arm, and Agilent says customers becoming more conservative with spending decisions.
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Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.
( 22
min )
Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.
( 23
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(Bloomberg) -- Mark Nash is shorting two-year Treasuries — what he calls the most dangerous US bonds — in a bet markets are wrong in predicting the Federal Reserve will cut interest rates this year. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekLuxury Stocks Lose $30 Billion in One Day on Demand FearsMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeWorld’s Richest Man Loses $11 Billion After
( 7
min )
Bill Ackman's Pershing Square Holdings trades at a 37% discount to its NAV as investors await his comments Wednesday.
( 22
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(Bloomberg) -- Asian travel and retail stocks fell amid concerns on the latest wave of Covid in China as well as a possible slowdown in the US economy.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationShares of luxury bran
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The company is leading maker of chips used for videogames, artificial intelligence, and cloud computing applications.
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"But if we are in this sticky inflationary environment, do you really want to be in cash or bonds?" Savita Subramanian said.
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min )
The engineering grad turned hedge fund VP quit a stable job to build “the everything store.”
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min )
Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.
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Stocks fell for a second straight day as negotiations on the debt ceiling continued, with 3M and Boeing helping lead shares lower.
( 16
min )
TurboTax maker Intuit missed revenue estimates for key tax season and shares declined.
( 16
min )
Abercrombie & Fitch surprised investors with a quarterly profit, and the retailer boosted its full-year guidance.
( 16
min )
If you have equity in your home and need more cash, a reverse mortgage, home equity loan, and home equity line of credit are great options
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min )
As investors become more environmentally conscious, they have access to an increasing number of green exchange-traded funds (ETFs).
( 23
min )
A delivery month is the month stipulated for delivery of the underlying commodity in a futures contract.
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min )
To help you find the right CD, savings, or money market account, we research 200 financial institutions every business day to unearth the best rates. Here's the criteria we use.
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The trillion-dollar coin is a proposed platinum coin with a face value of $1 trillion, which could be used to reduce the national debt.
( 23
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Empower (formerly Personal Capital) and Vanguard Personal Advisor Services are both excellent robo-advisors, but Vanguard Personal Advisor Services charges much less in fees.
( 27
min )
Maximize your portfolio by learning about investment opportunities in gold, including bullion, mutual funds, futures, mining companies, and more.
( 27
min )
American citizens of every political persuasion may justifiably wonder where all that money comes from and how it’s spent.
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min )
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) is a sovereign wealth fund established by the Republic of Azerbaijan.
( 20
min )
Learning just a few basic characteristics about options makes them very useful and easy to understand
( 21
min )
A guarantor is a person who guarantees to pay a borrower's debt if they default on a loan obligation. Read more about the role of a guarantor in finance.
( 23
min )
Find out about the rewards the Amazon Prime Rewards Signature Visa Card offers, how to get it, who qualifies, and alternatives.
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min )
As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.
( 25
min )
Revolving credit is an agreement that permits an account holder to borrow money repeatedly up to a set limit while repaying in installments. Here's how it works.
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Kohl’s (KSS) investors got a positive surprise as the struggling department store chain reported an unexpected quarterly profit of 13 cents per share.
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min )
Sovereign debt is issued by a country's government in order to borrow money.
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Understanding the factors behind Treasury yields and interest rates is crucial for an investor.
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min )
Homeowners looking to sell their homes are locked into lower rates, and as interest rates climb, would-be sellers are sitting out of the market.
( 18
min )
Here are a few ways to invest $1,000 to help it grow.
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Revenue is the total amount of income generated by the sale of goods or services, while income is earnings or profit—revenue minus expenses.
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If you’re headed for college, federal student loan interest rates at 13-year highs can be disheartening. For many borrowers, however, interest rates could become virtually irrelevant.
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min )
A gold bug is an investor that is bullish on gold.
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min )
A box-top order is an order to buy or sell the best market price.
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min )
The average mortgage rate on 30-year loans rose for the eighth day in a row, jumping 21 basis points. The 15-year average was also up again, though only modestly.
( 19
min )
Abbott, the nation’s largest maker of infant formula, is being investigated by the Federal Trade Commission for potentially anti-competitive federal nutrition program bids.
( 17
min )
A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.
( 21
min )
Fewer than half of registered voters think a default on the U.S. debt obligations would significantly impact their personal finances, but economists disagree.
( 16
min )
Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.
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min )
A sole proprietorship or sole trader is an unincorporated business with a single owner who pays personal income tax on business profits.
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With Microsoft leading the pack, these are the 10 biggest software companies by 12-month trailing revenue.
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To begin, you need to know your cost basis, or the price you paid for the stock. If you did not record this information, you should have an order execution confirmation and/or an account statement that covers the date of your purchase with the purchase price.
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min )
TH International, Wingstop, and Kura Sushi lead the industry in revenue growth
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The golden rule of government spending is that a government may borrow only to invest, not to finance current spending. Learn how this works in the real world.
( 22
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Deutsche Bank (DB) and Citigroup (C) on Wednesday admitted to trading sensitive information on U.K. government bonds, and were among five banks found in breach of U.K. competition law.
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Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.
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The BCG growth-share matrix is a heuristic developed by the Boston Consulting Group used to classify a firm's project outlooks.
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The Darla Moore School of Business is the business school of the University of South Carolina.
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Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set.
( 23
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Singer, songwriter, actor, and businesswoman Selena Gomez has worn many hats in her career—and has amassed a net worth of $95 million doing so, according to Celebrity Net Worth. Her career as an actress, producer, singer, and her makeup brand, Rare Beauty, have contributed to her millions.
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Aspen Technology, RenaissanceRe Holdings, and Healthcare Realty Holdings lead mid-cap stocks in revenue growth.
( 20
min )
Form W-9 is an Internal Revenue Service form which is used to confirm a person's taxpayer identification number (TIN).
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AAA is the highest possible rating assigned to the bonds of an issuer by credit-rating agencies such as Standard & Poor’s and Fitch Ratings. Read more about these bonds.
( 22
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Ahold Delhaize, het moederbedrijf van Albert Heijn, kreeg woensdag veel kritiek in de Tweede Kamer vanwege hun prijsverhogingen, hoge winst en beloning voor de topman. Diverse partijen trokken fel van leer omdat ze de lonen van medewerkers te laag vinden, terwijl het bedrijf vorig jaar 2,5 miljard euro winst maakte en topman Frans Muller miljoenen kreeg.
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Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.
( 3
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Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.
( 3
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Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.
( 3
min )
Een Netflix-account delen met vrienden en familie kan behoorlijk schelen in de kosten. Maar Netflix loopt daardoor inkomsten mis. Daarom gaat het bedrijf deze meelifters 3,99 euro per maand extra laten betalen.
( 4
min )
De NS mag op het grootste deel van het Nederlandse spoornetwerk het treinverkeer blijven verzorgen. Het kabinet blijft bij zijn besluit om het contract met het bedrijf voor het hoofdrailnet te verlengen.
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De rechtbank Den Haag doet geen uitspraak over de vraag of de NS meer concurrentie krijgt op het spoor. Volgens de rechtbank gaat ze daar als burgerlijke rechter niet over. Bovendien zijn de regionale vervoerders te vroeg naar de rechter gestapt, omdat de vergunning nog niet definitief aan NS is verleend.
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Facebook moet inzage geven in alle documenten die de Europese Commissie opvraagt. Dat heeft het Hof van Justitie van de Europese Unie bepaald na klachten van Facebook-moederbedrijf Meta. Brussel onderzoekt of het sociale netwerk zich schuldig maakt aan oneerlijke concurrentie.
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Nederland moet aan de slag met het beperken van de energiesteun en het aanmoedigen van werk via vaste aanstellingen om het personeelstekort te verkleinen. Verder vraagt de Europese Unie in een lijst met aanbevelingen om iets meer zuinigheid. Het begrotingstekort moet ondanks moeilijke economische tijden niet te veel oplopen.
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Na Rabobank en ING heeft nu ook ABN AMRO laten weten dat de rente op de spaarrekening per 1 juni van 0,75 procent naar 1 procent gaat. Dat geldt voor zowel particuliere als zakelijke spaarrekeningen.
( 3
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De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Op ons reactieplatform NUjij waren hier veel vragen over. Want wat betekent dit voor de economie? En is dit het juiste moment om een huis te kopen of kun je beter nog even wachten? Stel je vragen over de huizenprijzen hier.
( 2
min )
Jumbo en flitsbezorger Getir beëindigen hun samenwerking. De supermarktketen wil zich richten op de winkels en webshops en stopt met de bevoorrading van de magazijnen van Getir.
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De verplichte verkoop van GIPHY heeft Facebook-moederbedrijf Meta veel geld gekost. Stockfotodienst Shutterstock koopt het gifjesplatform voor 53 miljoen dollar (49,2 miljoen euro). Drie jaar geleden betaalde Meta er nog 400 miljoen dollar voor.
( 3
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Het leven in het Verenigd Koninkrijk was in april 8,7 procent duurder dan in dezelfde maand vorig jaar. Dat is fors meer dan de 2 procent inflatie die de Britse centrale bank voor ogen heeft.
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Ondernemers zijn bezorgd over de extra belasting op aardgas die ze vanaf volgend jaar moeten betalen. Werkgeversorganisaties VNO-NCW en MKB-Nederland spreken van "een strafheffing".
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Een deel van de huiseigenaren krijgt het niet voor elkaar subsidie aan te vragen voor het verduurzamen van hun woning. Zij vinden het aanvraagproces onbegrijpelijk, ontoegankelijk en zeer tijdrovend, blijkt uit het subsidiemeldpunt van Vereniging Eigen Huis (VEH).
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Vier mensen zijn dinsdag opgepakt bij de ontmanteling van een illegale dienst voor internet-tv. De dienst had honderdduizenden abonnees.
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min )
Een deel van de huiseigenaren krijgt het niet voor elkaar subsidie aan te vragen voor het verduurzamen van hun woning. Zij vinden het aanvraagproces onbegrijpelijk, ontoegankelijk en zeer tijdrovend, blijkt uit het subsidiemeldpunt van Vereniging Eigen Huis (VEH).
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NS hoort woensdag van de rechtbank in Den Haag of het meer concurrentie krijgt van andere vervoerders. De staat heeft het grootste deel van het treinvervoer in Nederland na 2025 gegund aan NS. Regionale vervoerders zoals Qbuzz en Arriva zijn gepikeerd dat zij niet mochten meedingen naar treinvervoer en stapten naar de rechter.
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Wilt Chamberlain holds the NBA record for career rebounds, with 23,924 in total, or 22.9 per game, for a truly great sustained performance. But rebounds don’t only come in basketball, and a savvy investor, while not likely to pick up 23,924 rebounding stock transactions, can still find plenty of stocks that are primed for rebounds in the current market environment. That environment, with headwinds still in play making every shot more difficult, has left plenty of fundamentally sound stocks under
( 12
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Retailer said some shoppers knocked down displays of Pride Month products and threatened store employees.
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(Bloomberg) -- There are few, if any, leaders in the world who are publicly lashing out at central bankers more than Brazil’s Luiz Inacio Lula da Silva.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s $23 Trillion Local Debt Mess Is About to Get WorseChina’s New Covid Wave Set to See 65 Million Cases a WeekThe reasons are inc
( 10
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Target is removing certain items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. Target declined to say which items it was removing but among the ones that garnered the most attention were “tucker friendly” women’s swimsuits that allow trans women who have not had gender-affirming operations to conceal their private parts. The Pride merchandise has been on sale since early May. Pride month is held in June.
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The cybersecurity software company posted solid results for its fiscal third quarter ended April 30.
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(Bloomberg) -- Stratolaunch LLC and Rocket Lab USA Inc. are among the buyers for assets of Virgin Orbit Holdings Inc., the bankrupt space-launch company tied to billionaire Richard Branson.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutXi Upends the Secretive World of $10,000-an-Hour China ExpertsLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set to See 65 Million Cases a
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min )
(Bloomberg) -- Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods. Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeChina’s $23 Trillion Local Debt Mess Is About to Get WorseRussia Pushes India for Help to Avert Global Financial IsolationSaudi Energy Minister Tells Oil Specu
( 7
min )
When the Wall Street Journal's Thorold Barker asked Musk at an event if India was interesting, he said, "Absolutely". Tesla is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview last week. Tesla announced earlier this year that it would open a gigafactory in Mexico as the world's most valuable automaker pushes to expand its global output.
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European luxury stocks dropped on Tuesday, wiping billions off their valuations, highlighting the sector's importance for the region's market rally.
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I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.
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The U.S. is on track to default on its payments obligations if the debt ceiling is not raised. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, the problem could extend beyond a debt crisis. “The debt ceiling negotiations is ridiculous because it’s not dealing with the problem,” he said in a YouTube video. The billionaire investor explains that if the debt ceiling is raised, the U.S. will just keep piling on debt. And if the limit does not increase, t
( 9
min )
The U.S. Commerce Department should add Chinese memory chip maker Changxin Memory Technologies (CXMT) to a trade blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives' committee on China said on Tuesday. The restrictions this week by China's cyberspace regulator against Micron, the biggest U.S. memory chipmaker, were the latest in a widening trade dispute between the world's two largest economies.
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Privately-held Morphogenesis Inc has agreed to combine with CohBar Inc (NASDAQ: CWBR) in an all-stock transaction forming a company combining expertise and resources to advance a late-stage oncology pipeline. The combined company will focus on advancing Morphogenesis' two technologies that seek to overcome the major obstacles that limit the effectiveness of current immunotherapies in treating cancer. The combined company is expected to operate under the name "TuHURA Biosciences Inc" and to trade
( 7
min )
Netflix on Tuesday outlined how it intends to crack down on the rampant sharing of account passwords in the U.S., its latest bid to reel in more subscribers to its video streaming service amid a slowdown in growth. To combat password sharing, Netflix said it will limit viewership of its programming to people living in the same household. Subscribers will still be able to watch Netflix when they are traveling.
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Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.
( 18
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Apple has unveiled a multibillion-dollar deal with Broadcom to produce new 5G radio frequency components in the US. The May 23 announcement comes as Apple—the world’s largest consumer electronics company—looks to spend more than $400 billion on domestic manufacturing.
( 8
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Shares of companies that drill primarily for natural gas are poised to outperform their oil-focused counterparts by multiples, according to Bank of America analysts.
Their argument is based on the assumption that future prices of natural gas will equal or exceed the current futures curve, which slo
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Security had to protect the board of Shell at the oil giant's annual general meeting as climate protesters rushed the stage amid more than an hour of disruption.
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Congress is putting US Treasury Secretary Janet Yellen in a tough spot.
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Enterprise adoption of AI remains one of the biggest prizes for tech companies.
( 23
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Bud Light sales were down 28.4% in the latest week, and parent Anheuser-Busch is now offering big rebates that could cut the cost of a case to under $5.
( 22
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The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.
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The new multiyear agreement brings manufacturing of some components to the U.S.
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Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.
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Cathie Wood’s singular investing style has generated huge returns for investors of her ARK Invest ETFs during certain periods (such as during the pandemic). However, it’s a strategy that has also been responsible for racking up losses during other times, such as last year’s bear market. Wood’s preference has always been for disruptors – whether in tech, healthcare, or the auto industry – and even in difficult times, she has not deviated from that path. Whatever you make of her stock choices, Woo
( 10
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Apple has entered a multiyear deal with the chip and network equipment maker for components that will be made in the U.S.
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(Bloomberg) -- A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden, McCarthy Still Without Debt Deal But Sound Positive ToneSaudi Energy Minister Tells Oil Speculators to ‘Watch Out’Parents Sue Elite Schools for ‘Indoct
( 8
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AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.
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Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.
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If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How … Continue reading → The post How to Invest in EV Charging Stations appeared first on SmartAsset Blog.
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The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.
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(Bloomberg) -- A blistering rally in luxury goods stocks this year powered by international demand particularly from China has taken a hit, wiping out more than $30 billion from the sector on Tuesday.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekMexico Raises A
( 8
min )
(Bloomberg) -- Hungary’s forint weakened the most worldwide as Prime Minister Viktor Orban said his country had split with the European Union on Ukraine and the nation’s central bank prepares to cut interest rates.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekM
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J.P. Morgan analyst Bill Peterson launched coverage of the five steel producers. He doesn't really like any of them.
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AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.
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Lowe's beat expectations for its first-quarter earnings but cut its full-year earnings and revenue outlook on softer consumer spending.
( 22
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Investing.com - The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed's fight against high Inflation. Uncertainty about the health of regional banks and rising yields in the money market led to a steady outflow of deposits, bringing banks' balance sheets to their knees.
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The Detroit automaker sharpened its pitch to investors, but expectations are already high.
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They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed.
( 23
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(Bloomberg) -- US equity futures rose while Treasury yields and a gauge of dollar strength were little changed after President Joe Biden and House Speaker Kevin McCarthy said they had a productive talk on the debt ceiling. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a W
( 40
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Commercial lines insurance protects businesses from potential losses they can't afford to cover.
( 22
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A business is an individual or group engaged in financial transactions. Read about types of businesses, how to start a business, and how to get a business loan.
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A dividend is a distribution of earnings, often quarterly, by a company to its shareholders in the form of cash or stock reinvestment.
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In an email sent to American users Tuesday, Netflix issued a new set of guidelines for users who wish to share accounts, as part of its push to crack down on password sharing.
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Individuals can find discounted ways to purchase a home through auctions, government programs, or with rental income.
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Apple, Microsoft, Intel move lower as tech stocks fall, while Chevron moved higher on a ratings upgrade
( 16
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U.S. equities lost ground on May 23, 2023 as White House and congressional negotiators still haven't reached a deal on raising the federal debt ceiling to avoid a potential government default.
( 16
min )
Costco (COST) will likely report solid earnings growth as rising memberships and sustained customer loyalty could help the wholesaler offset weakness in discretionary spending and ecommerce.
( 17
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Lordstown Motors announced a 1-for-15 stock split to get shares high enough to keep the stock listed on Nasdaq and save a Foxconn investment.
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Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.
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E-commerce is a business model that enables the buying and selling of goods and services over the internet.
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Shutterstock shares advanced in early trading on Tuesday morning after the provider of stock footage said it was buying animated images platform Giphy from Meta Platforms (META) for $53 million.
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Activist investor TCS Capital Management demanded Yelp take immediate steps to boost the stock price, including considering a sale.
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With Scorpio leading the pack, these are the 5 biggest oil tanker companies by 12-month trailing revenue.
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Predatory lending imposes unfair, deceptive, or abusive loan terms on a borrower. Many states have anti–predatory lending laws.
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Housing market demand varies city-to-city by most in a decade.
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Learning how to buy Bitcoin with a credit card might seem like a great idea, but there’s a lot to take into consideration to ensure that you are doing it right.
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Clients need to understand the full picture, including the good and bad of cryptocurrency investing.
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Slippage refers to the discrepancy between the expected price of a trade and the price at which the trade is executed.
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These are the sports betting stocks with the best value, fastest growth and most momentum best performance for Q2 2023.
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It is important to know what condition would classify as mortgage fraud and know about the common schemes and scams you should avoid.
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Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.
( 16
min )
Webull is a top rated discount broker. Come learn how its fractional share offering can help you build a diversified portfolio.
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The Consumer Financial Protection Bureau (CFPB) reached a settlement with Citizens Bank Tuesday over what the bureau called unlawful credit card servicing practices.
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The deal will help Apple pivot to U.S. suppliers and give some runway to Broadcom to diversify its revenue stream for life after Apple begins making its own chips in-house.
( 17
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TikTok sued Montana, alleging state legislation banning the video-sharing app violates the First Amendment. The Chinese-owned video app previously fought former President Donald Trump over a similar ban.
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A NINJA loan is a slang term for a loan extended to a borrower with "no income, no job and no assets."
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A guide for parents on common money apps. Find out why Apple Wallet, Cash App, and children's debit cards stand out among other players such as PayPal and Google Pay.
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The average mortgage rate on 30-year home loans rose for the seventh day in a row, and the 15-year average was also up again. Refinance loans saw fixed rates edge higher, too.
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Exposure at default (EAD) is the total value that a bank is exposed to at the time of a loan's default.
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Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.
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A money market account (MMA) is a savings account with several features not found in most savings accounts.
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Financial well-being is the lowest it's been in seven years, according to the Federal Reserve.
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Microsoft brengt dit jaar een chatbot voor Windows 11 uit met kunstmatige intelligentie. De Copilot AI werkt binnen het Windows-besturingssysteem en kan helpen bij allerlei taken op de computer. Verder heeft Microsoft nog veel meer plannen met AI, maakte het bedrijf dinsdag bekend.
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Europese brouwers zijn geschokt door de plannen van Ierland om uitgebreide gezondheidswaarschuwingen op alcoholproducten te zetten.
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De Staat vindt dat het Amerikaanse chemieconcern 3M de schade moet vergoeden die schadelijke stoffen in de Zeeuwse Westerschelde hebben aangericht. Minister Mark Harbers (Infrastructuur en Waterstaat) heeft het bedrijf aansprakelijk gesteld, laat de landsadvocaat in een brief aan 3M weten.
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Nederlandse huishoudens hebben in de eerste drie maanden van dit jaar ondanks de onrust in de bankensector winst behaald op hun beleggingen. Zij hebben ook meer belegd in aandelen en obligaties van banken, zo meldt De Nederlandsche Bank (DNB).
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Wie in de lente en zomer energie wil besparen, doet dat het beste in de badkamer. Dan is de douche de grootste energiegebruiker. Althans, in een gemiddeld huishouden. Want er blijken grote verschillen te bestaan en die tellen op jaarbasis op tot honderden euro’s.
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Het bestuur van Shell moest op de aandeelhoudersvergadering in Londen afgeschermd worden voor klimaatactivisten. Ze probeerden het podium te bestormen en zijn afgevoerd door beveiligers.
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De Hongkongse luchtvaartmaatschappij Cathay Pacific Airways heeft haar excuses aangeboden voor vermeende discriminatie van een Chinese passagier. Die zou om een deken hebben willen vragen, maar gebruikte het Engelse woord carpet (tapijt) in plaats van blanket. Het personeel zou de reiziger daarom hebben uitgelachen.
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Klanten van ING krijgen vanaf 1 juni 1 procent rente op hun spaargeld. Dat is nu nog 0,75 procent. Het is de tweede renteverhoging in korte tijd bij de grootste bank van het land. Daarmee volgt het bedrijf zijn concurrent Rabobank, die vorige week bekendmaakte zijn spaarrente voor de tweede keer in ruim een maand op te schroeven.
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min )
Een deel van het personeel van de Nedcar-fabriek in Born heeft dinsdag opnieuw het werk neergelegd. De staking volgde op langlopende onderhandelingen over een nieuw sociaal plan. De staking is een initiatief van werknemers zelf en is niet opgezet door vakbonden. Volgens VDL Nedcar zijn de medewerkers inmiddels weer aan de slag gegaan.
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